We own more than one of every V8 GM makes in our fleet.
Not a one has ever required any cooling system work before 200k+ miles. One works everyday with over 400k miles.
All are dex-cooled. Never changed until something breaks.
And I have changed many a late model water pump and NEVER seen any damage to the oring type gaskets used at the block.
unfortunately, when the LT1's water pump fails, it doesn't just fail alone. It's an murder/suicide with the Optispark.
If I was an LT1 owner (and given the proper '96 Impala SS, that is not that unlikely) I would have concerns about using DexCool.