I too, have given up on K&N. I heard an old mechanic say that an air filter is only as good as the seal around it and I have had problems with K&N seals.
Funny you mention weather stripping- K&N filters for VW had crappy seals and they then included an extra seal to stick on the existing seal, the extra seal was weather strip material.
Still, the thing leaked and I replaced it.
The K&N grease is to stop leaks and and really, it doesn't work well.I wouldn't try weather seal as the filter takes a few gymnastic like twists and turns to install and I can see weather stripping getting stripped off/damaged/ or just coming off.
Tell you what though-if you still use the K&N, smear some of that grease on the inside of the air filter housing. After a few 1000 miles, take out the filter and look at the grease. If the grease has dust on it, toss that K&N filter because it is not doing its job.