Sorry for the delay, I just saw this thread.
GE 100% Clear Silicone (either I or II) is a good brand and highly recommended. You can get this in large 24floz tubes, small 10floz tubes for guns, and smaller 2.5floz,1floz and even smaller tubes for single use. Silicone caulk IS an adhesive. All 100% Clear Silicone caulks are. Sometimes a manufacturer will add things to enhance some property: color, mold resistance, adhesion, paintabilty, etc. None of this is needed or wanted for rain jackets/tarps/flys/backpacks or other waterproof backpacking gear.
It includes a chemical inhibitor to prevent “drying”…actually “setting up” or “vulcanizing” the rubber like compounds is more correct, indeed some companies market a “room temperature vulcanizing” (RTV) product that is perfectly correct to say and 100% advertisement mumbo jumbo. When this chemical gets damp (usually by absorbtion of water vapor from the air) it breaks down the inhibitor allowing the caulk to set. This can take from 3-48 hours (sometimes longer) depending. Sometimes, you can find an old sealed tube that is hard. The inhibitor is not real stable and can break down with age.
Some companies use some solvent to dilute the silicone. This does NOT change the fact it IS silicone. It is just easier to move around and will penetrate a little deeper into the fine cracks and crevices of a woven fabric. When the solvent evaporates, no harm is done, generally. Different chemicals have different properties of course. Some can speed up the drying process by pulling in water vapour, or inhibit drying by encapsulating the silicone/vulcanizing inhibitor and not letting water vapour in. Anyway, this is what petroleum “dilution” does. Basically, about the same as placing a piece of plastic wrap around a glob of caulk, but on a much smaller scale, of course. Or storing it in a plastic tube…
Your rain jacket should be freshly laundered and rinsed twice. No oils or dirt on it. Then allowed to dry, turning it inside out every 8 hours or so until dry. Dilute the 100% Silicone caulk about 1 part to 1 part mineral spirits (NOT the eco-friendly stuff!) Mix this together. Then mix in another 4-12 parts of mineral spirits. You should do this all relatively rapidly. Once it is mixed it is good for several hours because the mineral spirits will slow the uptake of water vapour by the caulk, it really doesn’t stop it, though. You cannot leave it for more than 3 hours. It will NOT keep.
Using a cheap-o chip brush (around 2″wide, a cheap bristle brush or foam one from WallMart will cost about 79cents) brush your seams fairly firmly, then just smooth them over. A foam brush works with thicker mixes(1:2-5) and is easier to apply, but it will not penetrate as deep. A thinner mix (1:5-15)is easier to apply with a bristle brush and will penetrate deeper, but it will also be messy and “walk” away from where you apply it. On most seams, a thinner mix will actually penetrate deeper into the entire thread rather than just surface coating it. You can apply 2-3 coats of this, if needed. Usually you will not completely fill the texture of the fabric nor interfere with adhesion. I still use an old nylon jacket from over 30 years ago that I removed the tape from (it had gone bad in several places) and coated with a couple coats of 1:10-12 mix. It actually is more flexible than the tape was and packs much smaller, now. Anyway, do with the seams, then do the seams again after about a 15 minute break.
I also have an old tent with a PU floor (both sides, apparently) that has a seam in it. A few years ago, it started leaking. I simply brushed on a mix of caulk and mineral spirits and it stopped leaking. No, it probably does not have the original 10,000mm head. I usually use this on every trip since it takes about 5-6 hours to get to a trail head…I usually stay at a state park the first night.
OK, Now for a little more chemistry. What happens is the mineral spirits (or white gas/Coleman fuel) will actually form a colloid around the inhibitor/rubber. This restricts the uptake of water vapour. When the mineral spirits evaporates, it leaves the caulk behind where it is free to pick up the water vapour and vulcanize. This is actually an ongoing process, and, you might notice the mix becoming thicker as you use it. After a couple hours, it is likely degraded and shouldn’t be used further. But it should last long enough to seal any seams/threads/leaks you have.