1) Reason amulfin asked about the H60 is that it is not one of the better H2O coolers. Infact if memory serves me correct several of the Better air HSFs are better.
2) Ignore comment magikherbs comment about the Silver based AS5. The While Silver, as a metal, is a electrical conductor, AS5 is NON-Conductive. he is correct, as with all Coumponds it is best to use a THIN layer, to thick will A) will be squeesed out on to the board and B) Is less effective. Ideally it is to fll the imperfections between the surfaces and reduces both oxidation and electrolitic action between dissimular metals that can reduce heat transfer.
3) the temperature differencial between the Better HSF compounds is only a few degrees. While AS5 is high on the list and probably the most popular, it is not the best.
4) In most cases I replace the "provided" paste with AS5. An Yes, Use plain old rubbing alcohol (prefer 90 Percent as it has 20% less Water. I prefer to use a linit free cloth to remove. For aplication on a FLAT bottom I generaly "smooth" out evenly with my finger using a latex glove.