New
#11
This is, of course, going to depend on the paste you buy and how well lapped your heatsink is... and whether it's slightly beveled or not.
As for less is better being crap, I respectfully disagree. The amount of paste applied has a direct impact on the transfer of heat. Paste isn't meant to be a conductor, it's only function is to fill in the microscopic holes left behind after the lapping process, so really, you only need very little. It's the heatsink's job to displace heat, not the paste's.
I use a very small amount... 1/3 grain of rice.. then I set the heatsink and give it a twist. After that I remove the heatsink and rub the paste in with my finger (rubber gloves, or saran wrap will do in a pinch). I do the same with the what's left behind on the core and call it a day.