I just did this when upgrading, though to a Blizzard NXT.
I personally didn't use any sealant as I didn't my gaskets down to the pan is provided in the instructions. I cut probably 2/3 of the way into the primary gasket, and no wider than the tube. Utilizing the compression of the gasket to seal. Though on does have to be more careful that the compression doesn't result in a pinched tube - which is why the instructions likely say to cut all the way and use sealant. In my case, the rigid cup spout goes partially into the seal which further supports the tube from any potential collapse.
Here's a picture that might help.
As you're tightening, you can see and measure the degree of compression of both gaskets from the inside. I personally didn't go to from full to 1/2 height of the double gaskets. I used a ruler, and took it down to ~60% of the full height.
I could also see sunlight through the tubing to know it wasn't pinched. All sealed up hunky dory in the weeklong rain that followed.
Unsolicited tip:
The stock install in regards to the roof opening was very lacking and probably really compromised performance. You can see in the before picture that there is wiring all through the intake area compromising flow. More importantly, there was nothing blocking hot air being drawn from between the skins (where insulation is poking out). Take the opportunity to use HVAC foil tape and seal around the perimeter in between the inner and outer skins. And tuck the wiring where you can. I went farther (not in this pic) to further insulate around the perimeter.
Original:
After: