Ok, maybe I should explain further. I have a cat stove with a short section of pipe up from the stove to a 45, to a short section of pipe, to another 45, and another short section of pipe, and into a collar to a masonry flue. The draft is marginal for this stove, and I use little dabs of silicone to seal the joints in the areas of the pipe seam, where it doesn't seal very well. With that many joints, all those little seeps of cold air must be too much for it, as It definitely helps this stove. I've used Rutland for that, but found it to be a pain to apply, as well as a pain to remove during cleaning. I like the Permatex much better.
I'm also using it to seal a few similar spots on the pipe to my Kuuma furnace. That thing generates a fine brown flue dust, that can find it's way out of the tiniest gaps in the pipe (those seams again) when the stove isn't burning and the wind is blowing.
Ultra Black hasn't failed me as a door gasket cement, either. It keeps the gasket in place as long as the gasket lasts, and easily peels out of the channel with a putty knife when it's time to replace. It sure beats having to use a chisel to remove the furnace cement.
I'll throw out a crazy one, too. I couldn't get my cat stove door gasket to seal perfectly, no matter what I tried (I even made custom adjustable hinges for the hinge side). With nothing to lose, I decided to try making a rubber embedded rope gasket for it, so I put a new gasket on (again), cranked the door shut for a few days to put a door groove in the new gasket, put a small bead of Ultra Black in the groove with a strip of wax paper on top, and gently shut the door. The next day I had a perfect rubberized seal for my door to shut against, and the door leak was cured. The side benefit is this rubber infused gasket shows signs of wanting to last for a very long time. That was 5 or 6 years ago, and it's still fine.
The application that I thought would be too much for the silicone was the cast iron piece that I replaced the glass in the cat stove with. I put a bead of the silicone on the window gasket when I put it in, since I was desperate to cure the smoke seeps from this stove. I didn't have high hopes, but thought I'd give it a try. The silicone excess exposed to the interior of the firebox has degraded, but the cast iron "window" is still glued to the door after years, and no smoke seeps.
I'll agree, the stuff has a lot of misuses, but it also has a lot of uses.