The have been whole sagas of epic proportions written about this on the AMOC jampot site; best you read that, you'll only get exactly the same cockeyed advice about silicone, patent rubber seal and more from here as you'll find on Jampot. Having said all that the permanent positive way to go about it is in their archives.
All I will say, as someone who has owned, ridden, maintained Matchless machines for over 50 years, if you put it all together properly it won't leak. Mine don't.
Putting it together properly starts at the crankcase not by fiddling with the joint.