Summary & Conclusion
Yes, replacing AMD's paste with liquid metal works well, facilitating improved thermal performance compared to a stock Ryzen 5 2400G. It's just too bad that you won't see much of a practical difference. There's not much added value, and AMD's processor is neither faster nor more power-friendly in the end.
The only measurable benefit is lower temperatures. Unfortunately the boxed cooler is not really able to take full advantage of lower temps without changes to its fan profile. Hours of work, notable risks, and minimal benefits just don't balance out. Thus, this modification is only worth considering if you're building a seriously compact PC.
Our findings may give you reason to complain about AMD's cost-cutting or praise the company for its execution. At a financial level, AMD made a reasonable decision. But when it comes to enthusiast mind share, shifting over to thermal paste is bound to raise eyebrows. On the other hand, are gamers buying eSports-ready PCs likely to argue about what's between their dies and heat spreaders?