In in talking with some local people as well, it seems there is some shared opinion that the paint layers themselves are enough to protect it. Remember electrolytic action between steel and aluminium doesn't need water to help it along. the evidence is that most shroud edges you see have deffinately shown deterioration. I do believe that the factory had something in there to sparate the two metals. I think Greg,s is pretty close to the evidence of what was probably there from the factory. so the question is what do we do about it.
Moss does provide a product for this application. An yes as per ED K. a tape could be used. But I do believe a tape will trap moisture, etc. to expediate deterioration. So I'm back to my original premise, to tape it with something rather thin and bury it in a good coat of epoxy ( I do not believe the tape will lift causing later issues because the tape will be tightly trapped in the joint); or let the layers of paint do the protecting. ( there will be epoxy, 2K urethane primers, multiple coats, then colour, then 2 to 3 coats of clear). The urethane products, are resistant, thick, and virtually indistructible. BUT!!!
where you bolt up two pieces of metal tight and have bolts going thru, you could rub thru paint. I think once the fenders are bolted up well they won't be moving around and will not rub thru.
CHEERS, Dave C.