In my previous Discovery I, I used it to replace all hub seals in each corner, the engine oil pan seal and valve cover gasket. I mean I use the right stuff to "replace" the original seal, not apply a coat of it on the seal/gasket. You can pretty much make good gasket out of it.
96 528i AT w/steptronic. => 97 540i w/ steptronic. =>steptronic deleted, 6MT installed.