Don't know what happened on my previous attempt to post!
Yes, you are correct Rod. 515 is a flange-sealant not a thread-locker; I used it on my S1 threaded plugs because they were a very tight fit in the block. All of the thread-lockers will seal against oil, water, etc., which is why they are a good idea where we don't want threads to rust together, such as under the car,
Cheers Charlie