My experience with 5200
Based on my experience, I view 5200 as a adhesive, with sealant properties. As an example, I used 5200 around my shroud chain-plates and found that water was able to leak in around these chain-plates. Next year I resealed with 5200 and two years later, leak-city. The point is 5200 is a great adhesive, but I have found that it failed as an adhesive. My theory, only a theory, is that 5200 breaks down and loses it's flexibility when exposed to sunlight (i.e. UV radiation).I used 100% silicone sealant above the water line and 5200 below the water line.