Zack, I seem to recall that when we first brought the car down to my house, I found that the leak was coming from the rear spoiler studs. If you try to loosen them, please be very aware that if the nuts are frozen and the studs rotate, you can break the stands. If they rotate, you must slowly and equally loosen each one so that the spoiler raises equally at all 4 points. Experience speaking.
If you slightly lift the seal surfaces on each end, you can clean out any debris with a trigger air nozzle with a long tip and I'm sure there's debris in that drain area. That's the original seal and is in surprisingly good condition.
Should you decide that it best to just replace the rack, Check with CV Source in Buford, Ga. I know he had about a half dozen of the early racks in stock, and I think he also rebuilds the 88 racks. I made him aware of Rodney's bushings for the racks. Something he didn't know about.