should not be cementlike
The sealant should be flexible if your arrangement is similar to my 1980 Hunter 33. The chainplate covers are screwed directly to the deck. I do not know what the original factory goop was, but it was flexible. Eventually it leaked. I have used Sikaflex, silicone, combinations of the two, etc. etc. etc. and they have all worked for AWHILE. Just recently, I came up with a new idea. Using some of that epoxy that comes in a stick and is easily molded, I fashioned a raised rim on the deck and outside the edge of each cover. These rims, rectangular in shape and sloped up from the deck so as to be fair, are about 1/4 inch high and about 1/8 of an inch outside the covers. I then cleaned out all the old material (very important, and actually, I did this first) and then filled the entire area within the rim with 5200, right to and a bit above the top. Then, I screwed the plate down to about the level of the rim. 5200 comes out between the rim and the cover and also between the chainplate and the cover. I had masked all of this area and then smoothed the excess 5200 down using a screwdriver blade. When I removed the masking tape, there is no mess. The final result is a rim of the epoxy surrounding a 1/4 in bed of 5200 on which the cover sits. In theory, there should be plenty of adhesion and flexibility. The rim is not structural. Should I need to remove the plates, I can work a knife or piano wire under the covers to break them loose, and use a bit of heat. Frankly, I don't plan on moving them for a long time. The only reason I ever had for removing them in the past was when they leaked, so if I have solved that, I am not going to move anything. So far, the system has worked very well, but it hasn't been long enough yet to know the long term outcome. I have had plently of water over the decks, already, however, so I am very optimistic. You don't want to hear about my earlier versions that led to this!!!But the simple answer is remove all the old stuff and use something flexible and adhesive.