You could contact ChipQuik and ask what the differences are. DOW/Henkel have application engineers that can get you past the brochures.
Sometimes the exact same product is marketed for many different (consumer) uses, so people don't think it's general purpose and is specifically tailored and "must be the best".
UL is mainly concerned about flammability and dielectric strength. Silicones pass that pretty easily, but it costs a lot of money to do the tests for an industrial product. You'd need UL approval of the encapsulant for a UL approved product.
I don't see any hardness or Shore numbers, those might be a difference.
MG Chemicals has lots of RTV and potting compounds too, for 1 and 2 part and small batches.