If that is what Herr Swingarm used on my bike when he built it, its useless. It was as dry as a wooden God and looked more like seagull shit than a form of water repelling grease. I used Castrol Molub-Alloy Paste White T.
To be clear, I used this on the gaiter where it joins the swingarm/final drive housing and a quality moly based grease for the splines themselves.
