(part quote)
Not quite sure why coolant reacts with the silicone more than oil does but I have seen it quite a few times.
I think it's down to the correct material for the job (or rather the incorrect material in that case
) These days there seems to be lots of different formulations which are technically silicones and marketed as such, but with differing properties. I'm not familiar enough with the chemistry to know the details, but I do have several grades in my workshop with differing application ranges, one of which is specifically for waterpump assemblies. The material does work, the Elan waterpump has been in since 2010 and the otter switch March 2011 with no leaks so far. (tempting fate there
)
Without knowing the details in the case you've seen it's not sensible to say "ahh, definitely the wrong stuff" but it does sound like it on first glance. The trouble is silicone is sold for everything from fish tanks and window frames to applications at 200C. Even at our local motor factors there's at least 3 grades sold in almost identical sized tubes so it's easy to pick up the wrong stuff.
At a pure guess from your description of the material going slippery I'd say it's absorbed ethylene glycol or whatever is used as anti-freeze to degrade it. Most soft elastomers absorb water to some extent, but usually not enough to cause problems like that.
Brian