Silicones are all similar with the main difference being the temp range. Blue, black, red, then copper as far as temp resistance from lowest to highest ratings. I now use the copper on everything..... stay away from the generic stuff & buy Permatex brand. I have found this to be the best stuff going. Silicone is good for sealing thick gaps... Oil pan, valve covers, intake manifold rails etc. Most silicone is not good around gasoline. Silicone will also make gaskets slide out of place (I've seen waterpump gaskets blow out from using silicone on them) The best advice said above was to use "high tack" or gasket shellac on the water pump gaskets. Coat, install on block, let dry & install the pump without fear of them sliding out of place.