Here's where Universal/Westerbeke weigh in on the subject..
"Below is a checklist of items to be performed on your diesel engine or your generator for winter lay-up.:
Lubrication System:
With the engine warm, drain ALL the lubricating oil from the oil sump. Remove and replace the oil filter; place some paper towels and a plastic bag around the filter to catch the oil while removing it.
When installing the new oil filter, be sure to apply a small amount of oil on the sealing "O" ring at the base of the filter. Fill the sump with the correct amount of oil for your engine model (Ref: Operator's Manual or Technical Manual). Use an oil with an A.P.I. Spec. CC. Run the engine and check for proper oil pressure and insure that there are no leaks.
Do not leave old engine lubricating oil in the sump over the winter lay-up period. Lubricating oil and combustion deposits combine to produce harmful chemicals which can reduce the life of internal engine parts."
Oh and don't forget the reversing transmission;
"Transmission:
Drain the lubricant from your transmission and/or V-Drive. Refill with the proper lubricant to the full mark on the transmission dipstick. Run the engine and shift the transmission into forward and reverse one/two times. Stop the engine and check the transmission oil level; add lubricant as needed. Check for leaks."
And the raw water circuit too:
"Sea Water Circuit:
Close the thru hull seacock. Remove the raw water intake hose from the sea cock. Place the end of this hose into a 5-gallon bucket of clean fresh water. Before starting the engine, check the zinc pencil found in the primary heat exchanger on the engine and clean or replace it, if required. Clean your sea strainer, if one is installed in the inside of the hull.
Start the engine and allow the raw water pump to draw the fresh water through the system. When the bucket empties, stop the engine and refill the bucket with an antifreeze solution slightly stronger than needed for winter freeze protection in your area.
Start the engine and allow all of this mixture to be drawn through the raw water system. Once the bucket empties, stop the engine. This anti-freeze mixture should protect your raw water circuit from freezing during winter lay-up, as well as providing corrosion protection.
Remove the impeller from your raw water pump (some antifreeze mixture will accompany it, so catch it in a bucket). Examine the impeller. Acquire a replacement if needed and a cover gasket. Do not replace the impeller back into the pump until the Spring commissioning."