I have been restoring our Westsail 42, Harmony, for the past 3 years, and one of the biggest problems was and will continue to be, I suspect, water leakage. When we purchased Harmony, all of the portlights had their original solid rubber/foam gaskets. Since the boat was made in 1976, it was hard to determine what the original gaskets were like.
However, after measuring the dimensions of the 3 different type of ports we had, I orders gasket material from Bud. The new gaskets were hollow and did not fit into the ports as snuggly as one may have expected, but installation was relatively easy once the old material was removed. I did put the seam at the top of the port as one would expect.
After having re-gasketed all of the ports and studied their performance in the rain, the new gasket material is absolutely perfect. The hollow core compresses to allow the seating of the port rim.
I am now one happy camper, as I can open and close EVERY port without concern that I won't have a tight seal upon closure. Bud's gasket material is the way to go.