Never really heard of case opening putty, but if you want something inexpensive to try that can't do any damage, get a case opening ball.
I was quite skeptical with these when they first came out years ago, but I added one to an order at a material house and figured the dog could chase it for $4 if it didn't work. But it is something I keep at my bench at all times now. Just make sure the case back, and the ball, are clean, and it does quite a good job of opening and closing case backs.
They probably sell them on eBay, but here is a link to what I am referring to at a known material supplier:
http://www.esslinger.com/watchcaseopeningfictionball.aspx
Just a general note when opening watch cases - always clean around the case back before you remove it. you want to prevent any debris that is present from falling into the movement. This is a common issue with the quartz battery swap places in the local mall - they rarely take the time to clean the case before cracking the watch open, and this leads to problems with the train being blocked with debris.
Cheers, Al
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