The bottom window's external rubber flashing has worn on most the windows in my home.


The images show one larger gap, but most windows have this strip torn to bits.
I've done some research to find that it likely can't be taken out and replaced, because it's slotted into the window frame, the whole frame likely needs to come out to fix it.
My questions are:
1. I've read not to 100% seal a window along the bottom as it can trap moisture in. Is this true, and if so, how do I seal along the gap without applying a 100% seal but also preventing water getting in?
2. Do I cut away the old rubber seal or silicone over it
3. What's the best silicon to use that will last the longest outdoors
4. Is there a self-stick adhesive strip that I can lay over the tip of the old, or cut off the old and place over the gap instead of using silicone