If coolant is coming out of the shaft turret then the seals are knackered, nothing should come out the shaft housing.
Not so John, as I said before, and wandering around the machine shop at work yesterday, all of the Colchesters and Harrison pumps that were in use were venting from the slot in the drive shaft housing.
One pump that was out for cleaning had no provision for any seal nor any bearing in the pump housing and had a fairly large clearance around the pump shaft.
Even at 2000 Rev/min Robs pump should be more than able to lift a meter or so with a good flow PROVIDED the pump housing is fully immersed, I think my single phase pump runs at about 1500?
And it vents up the shaft.