Definitely
Jerry,Like an old house, weather stripping on an old car or worn out shoes, things in time on a boat will show their ugly face! Sealants are no exceptions. If you located the source your half way home. The best thing is to remove the track, inspect the bolts and nuts and replace the washers with fresh stainless locking types and clean off the old sealant where visible. Their are several sealants on the market and and just as many opinions on them as well! I like Lifecaulk, but others might recommend 3M. The best thing to do is research a bit, talk to your local boat store guy and get back to work. When resealing, do not forget to add some sealant into the screw hole besides under the track to seal the water pathway. Do not go crazy on torqueing down the screws for fear of impacting the core. The track is very long and the pull stress is divided pretty evenly through the piece. Their might even be a factory torque spec available, but a good snug is better then pressing the gelcoat and core material. You'll need someone down below holding the socket. Have a can of acetone and rags ready for clean up. Bob'88 Catalina