Hopefully someone with experience on the older 240s will post on this.
My guess is there's a short in the wire harness that curls under the timing belt cover. That harness carries the oil sender lead, as well as the "tickler" 12V lead for the alternator. That's the small red wire to rear of alt. Not sure if the main 12V lead for alternator output is in the same harness. Same for the alternator's ground - might be there too.
Grounding the oil lead with engine off shouldn't give any battery drain as it's only powered with ign. switch on. But hot voltage has to be leaking in from somewhere, and harness under the alt is my guess.
From early 80's through '87 many 240s had self-destructing wire insulation. You may have that, or the insulation might just be bad from age - nothing is forever.
For the '80's cars with that problem, the cure is usually to run fresh wires directly from the connector on the firewall to where they need to go. I don't have the complete road map for that; and also can't promise that your locations + wire colors will be the same as the "newer" cars either.
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Sven: '89 245 NA, 951 ECU, open-front airbox, E-fan, 205/65-15's, IPD sways, E-Codes, amber front corner reflectors, quad horns. Wifemobile '89 245 NA stock. 90 244 NA spare, runs.
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