That's a good point, I should have reapplied the drylock to those bare areas but I thought it would be fine since the silicone was going to cover it anyhow... my mistake. Here's one to ponder... when I got home from work today and checked the tank, there wasn't any leak. I am serious; no puddle of water on the ground and the wood was just about dry to the touch where it was leaking 12 hours previously.

It was suggested to me (by my wife, who else?!) that the wood expanded when it absorbed the water and sealed itself. I dont' know; I love her but I have my doubts on that one!

Anyhow, it's drained again and I will try reapplying the drylock to any bare areas (after it dries for a couple days), then more silicone. If there are any other suggestions different from what I plan to do, please let me know. Thanks, Tom