Water washout is an important test but it does not always tell the true story in an application. The test is about the amount of loss when subjected to a spray of water. I have seen greases which will give good readings in this test but when put into a dymamic application (rotating bearing etc) with water will completely breakdown and fail. This product of ours LE3752 is excellent for wet applications, it does not emulsify and provides a very effective tacky seal.
http://www.le-international.com/uploads/documents/3750-3752%20Flyer%20PV.pdfHope it helps,
Regards,
Rodney Fitzpatrick.