what does it mean if an interface is reported down but there are drops on the interface?
show interface X
displayed: Total output drops: N line protocol is down (notc)
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You need to take in mind that interface counters will save it numbers, what you see on that is the last "Total output drops" meassure by the interfaces on the past where it was UP. If you want to check a new link, you need to clear the number, try:
[equipment]#clear counter *interface*
Once you tried that, all your counters will reset to 0, and when the interface goes UP, you will seeing really what is happening