I've had my Seelevel system for years as well. (Including a 2nd display/control unit in my "wet bay")
Having worked on 2-way radios (police/fire/etc.) for 35 years, I can say that getting ANY electronics wet will cause corrosion and failure. In fact, our policy here is when a radio or device comes in with corrosion damage of any kind, WE DO NOT WORK ON IT. Even if cleaned and the corrosion removed, problems (a.k.a. "gremlins") continue long afterwards and can be a plague forever.
You'll notice cell phone suppliers also exempt water damaged phones. Drop one in the washer? Most companies will just sell you a new one rather than repair it. Most cells have a device inside that melts when wet, and as soon as a tech opens it and see that, it's game over.
I don't use Formula 409, but I know that Greased Lightning (my favorite degreaser) has a high lye content, which is why it works so well. That and other agents in the cleaner will only accelerate the corrosion process on an electronic device.
The Seelevel circuit boards have other circuitry besides the sensing strips (tiny SMD IC's and the like) and that's why they've failed. Even if you can clean the corrosion using DeOx or other product, they will be problematic from here on, so just REPLACE the sensors.