We generally swage 'dry' unless the wire was cut using a angle grinder, then we dip the cut end in lanacote, just on the off chance that the heat generated in the cutting has affected the "stainlessness" of the wire. Any how when pull tested there was no reduction in the strength when compared to a 'dry' swage. Don't know about any more complex caulks etc, as lanacote is only mineral + fish + wool oil mixed!
I think on just about any boating site there are people who have strong veiws in all directions.
My 2 cents is : Dry is the go, we should reallywork under the instructions of the people that make the swagers we use; and as far as i know that means 'dry'.
Cheers
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