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Can't spell it either. But , is there a was by just looking , if the opti has been changed. I know it's around the water pump and that's the extent of what I know. 1993 Vette
It's under the waterpump (Not below, under) It's very difficult to see without tearing down everything in the way. I guess the best look would be from underneath the car, but the harmonic balancer/crank pulley block it from the bottom.
In a dry climate they can last till 100k or better. In the average climate or a wet climate they go at 65 to 85k. Ask the seller.
Have the car inspected by a Corvette shop or the local Chevy dealer.