Hondabond is made from the juices hand-squeezed from barnacles in Japan.
I suspect lots of stuff might work, so might as well try something I can get delivered.
You're absolutely right, I don't believe this is a complicated or difficult job for a sealant to do. I'm not sure if I said it, but that's why I was asking about pre-existing seals. This is a zero clearance sealer. The metal will set the dimensions, 515 will only sit in the voids. Somebody mentioned cleanup on the second go-round. It's really not bad, easier than scraping (mist) silicone/RTV or similar products off. A decent razor blade (NOT harbor freight....), drug backwards (slight to moderate negative rake) takes it right off. Except in any voids of course. At that point, so long as you've got any loose stuff off, it's just filler.