However, Larry Pina's Macintosh Classic and SE Repair and Upgrade Secrets specifically refers to the "heat sink screw" at the front of the PSU and makes specific mention of heat sink grease if the internal insulator falls off.
This would explain the grease and what would seem to be a thermal pad that lie between the cover of the SE's PSU, and the two transformers inside the unit. I discovered the same sort of grease inside the PSU from an LC III (I think it was a TDK).
But all of this is conjecture without knowing the Apple engineer's actual rationale and doing some testing towards using the SE in a manner inconsistent with its engineering.
Makes you wonder where these people got to - surely they have Internet access and would have found the forums at one time or another. Oh well.