I have a similar situation for my 91 318ic M42 motor. 142k miles. I picked up this car three weeks ago and am just going through various maintenance and renewal items to get it back in solid daily driver shape.
So, I noticed a fuel leak on initial cold start-up. It dosen't appear to be a fuel line leak, but could be. A previous owner seems to have recently replaced the lower rubber fuel line with a SAE rubber line. There dosen't seem to be a leak in that line. I will replace the SAE line with OEM hose moving forward.
I'm wondering if it's a Fuel Pressure Regulator failure or the o-ring for it mentioned two threads above. The interesting clue is that the leak only occurs on first start, I suspect when fuel pressure is building before the motor fires up. When it leaks, there is a steady drip flow, say a drip a second. Turn the motor off, and restart it, no more leak. (BTW, I am very aware the drip is directly on the starter and have an extinguisher ready and let the dripped fuel evaporate before attempting a restart. )
I'll dig in deeper tomorrow, but just researching tonight to see what possibilities might exist for this leak.
I'll look tomorrow for the short hoses mentioned and replace them.
Any troubleshooting feedback would be appreciated. Thanks!
