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This is the best way, other then a new coil..and it should be soldered to the main board........... then to the coil like pictured. Take it from me I hunt (In the Water) and I did repair..Micky mouse repairs like coating with this or wrapping with that is not going to cut it...they are temporary fixes that could cost his machine if the water should weep up to the main control box or weep into the coil itself..Good Luck