Thanks but the description says "do not use in underwater applications".
There is no silicone, packaged from the ORIGINAL manufacturer, (not repackaged/rebranded) that does not say "not for use under water."
It is not really a CYA thing, as silicone will degrade under constant emersion in water. (Why the tank sealing is two stage process: structural seam, and inner seal that protects the structural seam from damage both mechanical, and chemical breakdown.
The net result of the lawsuits concerning silicone and aquariums was the removal of the wording "aquarium silicone." Only one company was involved in the lawsuit (GE) so the ruling only affected GE. There was no ruling that the words "not for use underwater" be included on the label. "Not for aquarium use" is the CYA statement. The lawsuits only involved one particular formulation of silicone as well: GE012A, which you might be more familiar with as GE Silicone I, Window & Door...(Which is now manufactured by Momentive, who bought out GE Silicones lock, stock, and barrel, a number of years ago.
I don't know much about this ASI stuff, however, the MSDS lists American Sealants Inc. as the supplier, not the manufacturer. What the actual story is on this product, I don't know... I am not saying it is bad, just that I don't know. ...Only two other products (that I am aware of) are taking the risk by using the word "Aquarium" on their product: Dow Corning subsidiery "DAP," and Aqueon/AGA (a Dow Corning product.) There is more to building tanks than the silicone—they are both consumer grade sealants not adhesives; it only takes one "problem child" and those will disappear as well. Dow Corning does make some silicones that are suitable for tank building: DC 795 in particular (GE Silicone II on steroids,) is used widely by large public aquariums.
Pro builders are using The RTV100 series by a large majority. Some smaller builders (still pro) use SCS1200 series...Aqueon/AGA uses RTV108, and their branded silicone is made by Dow Corning... a small percentage use "other."
As RE stated, however, if it ain't broke—don't fix it...