Re: Myth or Fact: Porthole Gaskets and Mineral Spirits/Vasel
Thinwater is correct .... chemical compatibility is the key here.
Most portlight etc. gaskets are either BUNA (Nitrile) or Neoprene and are 'resistant' to most common 'petroleum' products although for VERY long exposure may begin to soften and swell ... but after a VERY long exposure.
The problem with such 'synthetic rubbers' however, is long term attack by oxygen and especially ozone which 'hardens' and then allows cracking of the BUNA/Neoprene/Silicone, and 'whatever' these synthetics are 'filled' with - carbon powder, wood flower, floor sweepings, or whatever happens to fall into the vat when during the blending process, etc.
So, once you have functional failure of any 'rubber' gasket you really dont know the failure mode ... and the failure is most probably oxidation/ozone attack; and, smearing on some petroleum based 'goo' really isnt going to restore resiliency, softness, etc. of that oxidation. Best is always replace with new ... or new & improved (such as with improved UV and oxidation stabilizers .... and if you can find them but more expensive: "non-filled" {virtually transparent/clear} polymers such as food grade or pharmaceutical grade 'rubbers').
Here's probably one of best 'chemical compatibility guide' for 'rubbers and plastics' for gaskets, seals, and O-rings on the internet:
http://www.coleparmer.com/Chemical-Resistance