I bet you will lose that "milky" look if you run the machine long enough to evaporate the water outta the oil. We call that "got to use the machine to "BURN the WATER" out.
By the way......here I use an old time MILK STRAINER with the proper filters to reclaim the oil outta machinery. Pour through the milk strainer, and re-install . Later check the filter for metals, etc.
Oil doesn't wear out....just gets black for some reason.
John,pa Depression baby raised.