I have to admit that I don't have a ton of experience with the electrical system, but this is what I was told to use after cleaning. The product says to use it on 'terminals, switches, distributor caps, light sockets, spark plug boots, electrical connectors, and fuses.'
Are you saying I should clean it all out of there?
All those places are good places... right smack dab on the place where the electrical connection
happens is a bad place... I think on spark plug caps, for example, you'd put it on there so that
it kind of seals around where the cap mates with the porcelain... whoever wrote the wiki
page makes a good explanation:
https://en.wikipedia.org/wiki/Silicone_grease#Dielectric_grease-Mike