FYI, my Pneumatic Rivet Gun came from Harbor Freight and was only about $40. Not everything from HF is total garbage. I wouldn't necessarily use it on a real 'job site' where I have to send home hundreds of rivets a day, but for home use only a few rivets at a time its great.
For bedding compound on spars you can use numerous adhesive sealants, they just don't need to be high strength because all they are there for is electro isolation. Any bedding compound you would use on deck fittings would work, even butyl tape. If you use 3M 4200 or similar just get the UV resistant type. You'd only need bedding compound on the back face of things like cheek blocks or the stainless mast spreaders that sit flush against the mast face on the C-22. There is also Delrin Dielectric Self Adhesive Insulator, like a sticker basically... less messy.
http://www.catalinadirect.com/index.cfm/product/3217/delrin-dielectric-self-adhesive-insulator.cfm
Overall, for threads on SS Screws you should use Tef Gel. Even Blue Loc-Tite provides some isolation and is mostly water-proof when dry but I don't have any real world data to back that up. The Tef Gel is pretty much industry standard for preventing galv corrosion between dissimilar metals, also acting as a good lube for the threads to prevent galling. If you are inspecting your spars every season you'll probably find you only need to remove the screws and apply fresh Tef-gel about every 5 years (depending on how much you sail and where you boat sits). I know a skipper who does everything on average every 2 years, he races weekly...
I like the idea of the Rivnuts shown above, but I would only recommend them in holes that are badly damaged or elongated. For the most part I have broken #8 to #12 SS screws in my spars. I was able to remove almost all them without them braking off at the surface, only a few need to be drilled out. Almost all the hardware on my spars will have relatively low load/sheer forces. I will use MOSTLY aluminum rivets on everything.
- The Gooseneck and Boom end Cap will get rivets, the forces on the fittings push inward, not pulling outward.
- Even the Masthead will have AL Rivets, the forces of the shrouds pull downward against the shoulder flange of the Masthead onto the spar, not on the fasteners. Also, there is still the 5/16 SS Bolt that passes through the upper shroud tangs and Masthead. That will get Tef-gel, liberally on the bolt shaft, threads, and under side of bolt head, anywhere it could touch aluminum.
- For all 'cast aluminum' parts (Masthead, Gooseneck, Gooseneck Slide, Boom End Cap, etc); I will paint them all with a self etching aluminum primer (Rustoleum is fine, nothing fancy required) and top coat with a white enamel. This will add some additional anti-corrosion properties and look pretty too.
- I'm using lines led aft so this actually eliminates a good deal of hardware off my mast. the halyard winch is removed and the most of the cleats are no longer needed. I will keep a few key items for safety/redundancy and there will be some fairleads added eventually, but any 'left over' holes will be filled with an AL Rivet and a dab of 4200 to close the rivet's center hole.
I won't be rigging until the Spring I think. I'm in Grad School now, dirt poor, and have little time to work on my C-22 resto. I hope to have the decks painted by the end of this month and then I can finally get to the finishing work of installing hardware. When I do get to rigging I should have some pretty good additions to my thread (pictures) that will show all of this.
BTW... I have 3 masts for my C-22, LOL! Picked up 2 bone-yard masts, the OLD oval style. I thought they were 'weaker' than the heavier flat sided newer style mast that came with the boat, but the Racers tell me that the oval mast are highly sought after because they are easier to bend for sail trim and not really that weak vs the heavier spar section (unless maybe a big storm, but rare).