I have removed that gunk out before, but it was so deteriorated I couldn't tell what it was. Dried up, gross, bugger-like as I recall. Similar in appearance to the material surrounding the edges of the little filler panels at the intersection of the top of the inner-to-outer cowl and the firewall.
The original stuff shrunk up and the vibration of the hood over many years caused the material to hammer an indentation all the way across my hood.
I didn't replace it. The empty gap without the gunk is adequately clear from any contact, so as long as the hood sits tightly against the cowl seal, I don't expect any issues.
Carl

Last edited by 52Carl; 10/28/2016 4:07 AM.

1952 5-window - return to "as built" condition | 1950 3100 with a 235 and a T-5 transmission