I'm confused (what's new?). Is the plunger clutch supposed to be dry? As far as I know, the swing-arm is a classic wet clutch as described below.
From Wikipedia (...a possible source of bad information, I know, but this seems right.):
Wet and dry
A 'wet clutch' is immersed in a cooling lubricating fluid, which also keeps the surfaces clean and gives smoother performance and longer life. Wet clutches, however, tend to lose some energy to the liquid. A 'dry clutch', as the name implies, is not bathed in fluid. Since the surfaces of a wet clutch can be slippery (as with a motorcycle clutch bathed in transmission oil), stacking multiple clutch disks can compensate for the lower coefficient of friction and so eliminate slippage when fully engaged.
So why the concern for the clutch over excess oil in the primary. There are other reasons, but it seems, coated or submerged the clutch would have about the same performance. I really don't know this from experience, so I need to be educated.
Richard L.