HI!

Given the warning about the thread's age, I'll start by saying this is solely to add information for others coming across this thread -- not advice for the original poster, who has solved his problem, by choosing to use an automotive product.
There was a question about the kind of heat-sink compound to use. After looking at its temperature stability (up to 340ÂșC) I'm going ahead with a very small amount of (the widely available and commonly used) ZP-340, just because I have it on hand.
Also, I'm using it in
a thermostatically-controlled iron and don't expect to set it above 300. The fellow in the link, who repaired his same-model iron, says the higher temperatures just aren't needed.
From what I can determine, when exceeding the upper thermal limit, the compound may begin to 'run' -- but in this location, applied only to one side of the tip's rod section, it couldn't be a problem, because I used so little.
Thanks to the original posters and this forum for very useful information. I was beginning to suspect my iron had a heat-transfer problem, as may be read in the linked thread.
Extensive searching of the Internet brought up this post, and only this post, for a confirmation this problem exists, and then giving its solution. Thanks for this forum and the quality of its information.
Given the 'necropost' warning, two years of age didn't reduce the post's value, one bit. I hope the moderators approve.
