Chuck,
I noticed you're getting some input on the g503 forum. Hopefully, that tracks to a solution. I did think of overfill or blocked passage ways. The oil should be shared between the two gearboxes.
I've just never seen oil come out of the cable housing before, so I'm not sure.
There could be one test I can think of. Fill both to the filler plugs. Drive until you get that leak out the cable fitting. Then remove the transfer case filler plug. If the level is now above the filler plug, it may not be draining back to the transmission fast enough.