I was planning on trying out Hylomar or Hondabond. On my bikes, I've had great luck with paper gaskets by greasing them before installing. I use plain old conventional axle grease. One odd thing with my bikes is that they require the proper paper gasket. It shims the case properly...that's critical as the side case is also a bearing surface. There is no need for that on the BMW as far as I can tell.
I'm told that Threebond (Hondabond, Yamabond, etc.) are a good substitute, and very good at oil resistance. There is a difference between a gasket maker, a gasket sealer, and a silicone sealant. I'm also told that cheap RTV liquid gaskets carry an acid base that can discolor aluminum or even erode ferrous metals. By the smell I'd suspect it's vinegar. Great for cleaning up rust, not great for long-term contact with warm oil.