A 550 Flamewheel has 7 pairs of positive and negative solder points in close proximity to each other. A dropped driver bit, a GPS base mount, or a dollop of liquid could short any of them. With $500 of FC on the same circuit, I chose to insulate.
I used the liquid electrical tape. And I discovered about an hour ago, that it comes off easier than I thought. After scraping it a little with an exacto knife to create an edge, I simply pinched it up with my fingers and pulled it off like a big rubber bugger. The wires cleaned easily; I haven't tried the plate.