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The Railwire is not your personal army.
Yes, IMO that stuff on FVM (and some other brands) motor armatures and flywheels is some sort of (epoxy?) putty used to balance the motor/flywheel unit. In my experience that stuff is hard and blue in color. That is why I think it is epoxy putty. Those balanced motors also have one pole marked with white paint, but I also have seen all the poles numbered 1-5 using white paint. I would not remote that stuff in fear that the motor/flywheel unit will not be well balanced anymore.
But it's not well balanced right now!