Why do you have water dripping out of 87 CBR1000F muffler when you stop the bike not really using up coolant and no water in the oil mufflers are also not the lowest point in exhaust?

The water you see comming from the exhaust is condensation. A by product of the combustion process is water and until the exhaust system gets hot enough to maintain the water in the exhaust in a gaseous state it will condense (fall out of the exhaust stream) in the exhaust system. After the engine gets warm and heats up the exhaust system the water does not condense in the exhaust system anymore and is dirrected into the atmosphere.