I have never used that exact product, but have used a multitude of other
"Silicone" lubes.
Silicon lube has only worked for me when the O ring is static, in its groove and not moving. For an 'O' ring in a moving environment, where it has to have metal rubbing against it, silicone has not worked well for me.
I think they call it 'sticktion'. You clean, lube the ring and assemble. Its smoooooooth. Then a few days later, it is sticky when you turn or push the light.
The only lube I use anymore, where the ring has to slide over metal. is 100% Teflon. Expensive, but who cares if it make our lights work better.