This conductive grease concept was new to me, having used dielectric grease, red battery terminal grease, or vaseline for years. I discovered this when I bought a rebuilt starter from Vern Davidson (970-683-0178), who included an exhaustive installation guide (didn't think there was much to say about two bolts and a cable) with his beautifully rebuilt starter. He mentioned using OX-GARD, and recommended using it on the starter bolts, as this provides the best ground contact to the commutator end. He recommends cleaning each section of the starter of any paint or rust, and using the (often missing) front starter support bracket, which also is a good ground point to the block. I did a little research, as Old Henry did, and decided it made sense to me. Couldn't find OX-GARD at the local hardware store, but found the carbon conductive grease at an electronics store, so I used that. Spins over like a top, but of course it should anyway with a rebuilt starter and a brand new battery. I'd be curious if it would make any difference in a tired starter/older battery situation.
Anyway, glad you took no offense Frank. Now I don't have to drive the '40 to Poughkeepsie for a starter spinoff -- dielectric vs. carbon conductive grease!