Use the compound that comes with the sleeve. It may be red or pink. I haven't seen blue packed with them, but that would be fine too. It is basically a low viscosity bearing retaining compound and the color doesn't matter. I would put a small amount on the balancer and the inside of the sleeve. Start it as straight as possible and drive into place with a block of wood and a good size hammer. Try to get it seated in a total time of a minute or so, don't peck it on slowly, once started, get it done!. You will notice one end of the sleeve is rolled inward slightly. As you drive it on, when the rolled edge contacts the end of the balancer, you are done. If you continue to pound it on and try to flatten out the rolled edge, it can pucker the sleeve and it won't hold properly or wear the sleeve quickly. I have seen these repair sleeves last 100,000 miles + on other engines I work on.
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