The disk sits on top of a black, plastic cylinder to physically support it, while keeping it electrically isolated from the cone. A combination bolt / nut attaches the disk to the center pin of the SO239. The cylinder lets water in from the joint adjacent to the disk, as well as the joint adjacent to the hub.
I placed a coating of silicone 2 on both joints, reassembled the antenna, and then added a glob on top of the bolt. Let it dry over night, then installed.
We will see if it holds up.