Sunshadow has pointed out the problem with many heat sink compounds.
A heat sink, by definition, absorbs (sinks) the heat from an object that it is in physical contact with. The ability to "sink" heat is relative to its thermal conductivity, and its total mass. The bigger the heat sink, the more heat it can absorb. With paste compounds the ingredients are designed to transfer the heat without drying up too fast. High temp oils and silicone compounds are used to get past the 212F limit of water. The mass of these is quite limited, with about 1/4" thickness being about all you can add in most applications. For brazing guards on knifes, the heat applied (BTUs) is usually far in excess of the rating of the compounds.
For quick soldering copper tubing on HVAC units (400F-600F temps, short duration, and low BTU input) it works fine. Pohan was going to use it for tempering in an oven ( 500-600F, hours of time, and HUGH BTU input),where it would fail totally.
As others have pointed out, if you are using the low temp solder to seal the joint of a guard, a wet rag is all the sink you need. The whole joint should never exceed 450F, lower with some solders.
Stacy