Yes if its coolant you would see it.
It could also be fuel which you should be able to smell on the dipstick. This would indicate a faulty fuel injector which dribbles when it should be closed. The danger is that if you go on a long run and the engine gets really hot the petrol in the oil will evaporate off and leave your oil level low. It also causes the symptoms you mention where the level seems to change erratically.
regards Roadster
It could also be fuel which you should be able to smell on the dipstick. This would indicate a faulty fuel injector which dribbles when it should be closed. The danger is that if you go on a long run and the engine gets really hot the petrol in the oil will evaporate off and leave your oil level low. It also causes the symptoms you mention where the level seems to change erratically.
regards Roadster