Butyl
Yes! It is great, just tighten the fasteners in increments to give it a chance to squeeze down.
I put in 11 NewFound Metals (NFM) S.S. ports and it is great.
The best part is the ease of cleanup, just take a putty knife and slice it off after a day or so, NFM recommends a final seal of regular caulk on the outside to keep it from continuing to "creep".
I just replaced all of my lifeline stanchions and used butyl under them with great results.