Loctite makes a sleeve retaining compound. I have used it on many wet sleeve blocks that had electrolysis eat holes in the oring areas. I never have had one leak yet.
I just clean everything up real well. Parts cleaner and a rotary wire brush in my die grinder. Then install the oring on the sleeve(Oliver Motor) Then run a bead of the sleeve sealer around the bottom of the sleeve and the top of the seal area on the block. Install the sleeve without any other lubricant. Have some bolts and washers to hold the sleeve into full depth. Let set for 24 hours. Then always keep the hold down bolts in until your ready to set the cylinder head on.
First time I ever used it was on an Old Detroit 8V71 that the sleeves had come loose in an worked up and down. They had worn the block down past the low limit. The local Detroit dealer told me to use this. I did it. The engine is still running now after 16 years. It is on an old Terex Dump truck.
It is: Loctite® 640™ Retaining Compound
"Loctite® Sleeve Retainer 640™ is a high temperature anaerobic adhesive that secures slip and press fit assemblies. Adds up to 3,000 psi holding power. Restores fit to worn or out-of-tolerance assemblies. Prevents surface corrosion. Works to 400°F."
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