If you are ever in need of conductive grease go to an automotive parts supply store and ask for spark plug grease otherwise known as dielectric grease.As you correctly point out, pure silicone is a good thermal insulator. The pad I used is based on silicone with something(?) embedded in it to make it a good thermal conductor instead. I believe silicone is used in this padding for its flexibility to make a good, but soft, joint with the chip. The thermal padding is only 2 mm thick.
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