Brief comment:
You do not give any particulars or technical details, but correctly designed,installed and maintained there should be 'dropthight closure'.
As known there exists a number of standards for how valves shall be tested on leakage and thightness, and standards to be reached on leakage. I do not believe similar standards exists for penstocks. An end user will of course require and expect thight closure if not otherwise specified.
'Penstock' covers a great many types, constructions, dimensions and applications vary in a wide range.
Most common you will find leakage in wall penstocks if not mounted correctly (not in plane, skew, frame bolted skew and unproperly to 'buckling - not plane' concrete walls etc.
Another group of faults giving leakage is unproper actuating devices, mounted to give skew or too weak force.
The third group of leaking centers around sealing problems due to faults on sealing material(weak, wrong type, not properly fastened to penstock, seal construction itself) or the penstock itself generally unsuitable - for instance parallell closing rail when a more costly wedge closing rail construction would be far better.