LP is a FAR FAR better heat conductor (10x more I think), because it is just metal. So, if you apply it badly, and it leaks out, it WILL fry your CPU.
No idea how long it takes to set. Probably the same as AS5, maybe a bit quicker.
But, after finding out that it solidifies, I won't use it again (still got a syringe of LP, used once).