If markba663csi's chart is correctly correlated to your machine, it calls out an SAE 20 machine oil. Anything you're going to purchase in reasonable quantity is probably not going to have an SAE rating on it, or if it does, it'll be ISO first. SAE 20 kind of splits ISO 46 and ISO 68. (Or else it's "compressor oil", which you don't want). Looking at that application list, I'd probably be inclined to go with the 68. You won't be wrong either way.
From the description of your bearing's oiling system, it is what's properly called a "Total Loss Oiling System". That google's well, although it sounds like you've got the idea. In some areas it seems it's common to call it a "Loss Oiling System". Which is fine if you're on the same page, but for search purposes... There you go. Then call it whatever you like.
As for the oil running through... You "probably" want to find a manual, as a bearing in that sort of arrangement "probably" has some sort of fiber wick, or felt, which would hold the oil back, so that it will be constantly oiled during the interval between refills. I say "probably", as I'm not familiar with these, but I can't recall any substantial bearing being oiled this way that didn't have such a feature.
From the description of your bearing's oiling system, it is what's properly called a "Total Loss Oiling System". That google's well, although it sounds like you've got the idea. In some areas it seems it's common to call it a "Loss Oiling System". Which is fine if you're on the same page, but for search purposes... There you go. Then call it whatever you like.
As for the oil running through... You "probably" want to find a manual, as a bearing in that sort of arrangement "probably" has some sort of fiber wick, or felt, which would hold the oil back, so that it will be constantly oiled during the interval between refills. I say "probably", as I'm not familiar with these, but I can't recall any substantial bearing being oiled this way that didn't have such a feature.