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I have virtually zero experience with JBW, so keep that in mind.
However, I would think it would be tough to apply it in such a way that you keep it ONLY on the bolt. I'd be nervous that I'd gum up the whole works and never get any of it out again.
That said, if the stuff is as magical as they make it out to be, and you only apply a match-head amount of it in the center of the bolt and only gently push it into place, who knows? Might work.
Let us know how it works out if you happen to go that route..
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