Heat shrink tubing, is much easier to remove, then cured silicon glue, if you have to replace the relay.
If there is any cured silicon, remaining on the terminal lugs, when you unsolder the relay, it could be very unhealthy, to be breathing the fumes.
A better solution, would be to use a relay socket, for mounting the relay. This will make it easy to troubleshooting, and replace the relay, and use heat shrink tubing, for the connections.