The current latex drip particles aren't done good at all, and were done in such a way to just get them in. I was considering having bits of small globs of goo that would drip off the surface of the entity's actual model, maybe even strands of goo that would string between nearby parts.
Technical decisions still need to be made on what the particles should look like (Billboard quad? surface aligned quad? a 3d model?).

Do the latex beasts in Changed even drip? I suppose it's like slowly losing your body drip by drip.

Initial issue has been implemented but there is room for improvements (e.g. Pulling drip color from sampled entity texture)