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TD, yes, I meant 3M's 5200.
I'm always amused at how often people insist that 5200 is not the right product. Seems to me thaat the adhesive qualities are beside point in this application, whether I want them or not, so why bother to point that out? The bit about hardening vs. non hardening is moot in this case I believe, since we're talking about such a thin coating. I agree that you want oxygen to get to the SS, and that a sealant (any sealant) will prevent that, but in this case, SOMETHING is going to be blocking oxgen access to the steel, whether it be water in the swage that can never be completly eliminated, some kind of sealant, or the swage collar itself.
I also don't believe that having a sealant in the swage interferes with compression - if you want, I'll take pictures of my fully compressed from end to end swages, and you can be the judge. They're tight on there, believe me. Already had her out in 15-20g25, and everything is solid.
Of course, none of that relieves me of the burden to perform regular rigging checks.