I've never had this type issue with the plungers. From what I understand, the problem is caused by defective castings, not the plungers themselves.
To lube the plungers and cams you can use any type waterproof grease. I use white lithium grease because I keep it in my toolbox to use on the trailer ball.
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Damon Linkous
1992 Hobie 18
Memphis, TN
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