Scott, for what it's worth, I had a *slight* leak also when I owned the M5. I took advice from the M5 yahoo board and changed the accumulators, back then they were about $85 each. It solved the leak problem and the suspension was once again the way it should be.
It's normal for these shocks to *weep* a bit according to BMW, but they shouldn't leave puddles or spots. I just know that changing them cured the leak for my situation. Your's might be something altogether different, but it's something to consider when sizing up the job in front of you. If you do decide to change them, you might also opt for a new hose to the shock. Mine came off the shock ok, but it was a bear to remove from the accumulator. Probably the absence of a thread lubricant and different metals.
Hope this helps,
JR