thermal grease/paste is the same, there's only 2 types of Arctic Silver- Epoxy/Thermal adhesive and Grease/Paste.
As far as the PCTC pad goes, Kengsim, did you melt the pad. The "melting" helps improve performance, and helps to thin out the pad.
Daudi,
The pad is sufficient, but one thing to keep in mind, that once you apply it and heat "phase-change" it, it will fill microgaps in both heatsink and cpu. And it will always be there(save lapping the core and heatsink, not recommended). If you want peak performance, I woudl suggest waiting for AS.
Mike