Balance shaft oil.....
Robin, since your statement is a two part statement, let me answer it in two parts. Yes, the oil in the older model 787's is only added at the time of rebuild or when they are put together. There is no way of checking this oil, since it is a sealed system. The other part of your question, about the engines oiling system keeping this oil in place, isn't entirely correct. Once this one ounce of 30 weight oil is installed, it is there till the next time you remove the engine.
The first year I found the plug, for checking and changing this oil was in the 1999 787 RFI engines. Once a season, you should remove this cap (located on the back side, left of the PTO hub) and check it for contamination. If needed, you will have to remove the drain plug, which is directly below that cap on the rear seal below the shaft (its a small allen head screw) and drain the oil entirely. Then re-fill with ONLY one ounce. That is very important. Oil expands as it heats up and if you put to much oil in it, you will push out the rubber seals and loose this oil. That will cause you to seize the gear cogs between the crank and the balance shaft. The gear cogs between the balance shaft and crank are timed. This one ounce of oil is in the bottom of the casing and uses a "spashing" affect to keep oil lubrication on these cogged gears.
There has been occasions where the balance shaft blew out of the side of the casing, due to those seals letting go, but that was probably due to the owner running the engine hot, softening the seals, allowing the oil to leak out.
All the 947's have this plug and from what I've read in the manuals, all the 787's from 1998 and 99 have this plug too.....it's a yearly requirement to check that oil and add if necessary.
I have pictures of the casing of the 787 opened up for this to be seen on my thread, "a look inside the 787"........look closely and you'll see the seals that seperate it from the rest of the engine.
In the earlier 90 model engines, the only place you saw it discussed, was in the engine section for removal and replacement of the crankshaft. In the newer models, you will see it in your yearly check sheet to inspect and replace this oil if necessary.
This counter balance shaft is an area of neglect. Those equipped with the plug, should do this once a year. That is a very important part of your motor and if overlooked, can cause terminal failure.
And please, what ever you do, ..........remember!......It's only ONE OUNCE!
Update. I've added this pix of the 787 balance shaft and seals, along with the cog gears. You'll notice, the only rubber oil seal is the one on the balance shaft itself, just below the cog. The other 3 seals are incorporated into the roller bearings. Looking at the thumbnail, the bearing and seal on top of the balance shaft and both, roller and seal bearings on the crankshaft.
I hope this visual gives you a better idea on how this is set up to work with the Rotax engines. Even though this is a 787, the 951 is practically identical.