Hey guys... i did this repair on my 2006 Toyota Tundra with the same 4.7l 2uz-fe engine. The Tundra forums arent really that helpful most of the time. Which is why I love ih8mud. Awesome info here..
Symptoms I had were oil leaking from the oil filter area, around oil cooler housing so when I did my oil change I wanted to change out the oil cooler housing o-ring - 90301-67004. I did'nt change the figure 8 o-ring (which I also had) for the housing because that needed me to take out the a/c compressor as one of the bolts (at least on the Tundra) is behind it. Which was a pain so I took a chance and just changed the bigger o-ring.
So anyways here's what I learnt while changing the oil cooler housing o-ring -
1. Read the FSM manual before changing. Cause I didn't think I needed to change the Anti-freeze. The coolant line literally stuck to the oil housing. So if you are changing the o-ring make sure you have some silicone plugs to plug this up if you dont want to lose your precious red Toyota antifreeze.
2. The oil union bolt is 32mm IIRC so make sure you have such a big bolt socket to remove it.
3. My o-ring was going bad as in when I tried removing it most of it came out fine but there was a part that became hard plastic that broke off in the o-ring grove - this part likely was not doing do what it was supposed to be doing.
4. I slightly scored the o-ring grove removing my o-ring b/c of how hard it was stuck on there. So take your time removing the o-ring. If you have time use some loosening solvents or something similar to not score the o-ring grove. (See pic)
5. Clean the 2 mating surfaces very well. I used 1000 grit wet sand paper to clean it up. Not sure if I should be using that but thats all I had for the time being.
6. The Union bolt Torque setting is 50 ft lbs to put it back on
I had to refill my anti-freeze again since I did'nt have plugs to plug the hoses up.
Its been 3 days since the fix..and I have had no small oil leaks yet. So I am hope this was the fix.