I am not familiar with clay pads, but it it does what you want and does not permanently seal the pipes, it should work.
I just have rags stuck in each end of mine, only because they are open in the attic in the middle for making pulling the wire easier for me... don't want anything crawling in from the attic and down into the room, if you know what I mean.
Is the equipment room somewhere that is going to be exposed to a public part of your home that you need to insulate it... or is the equipment going to be in a closet/small room shut up most of the time?
Clay pads are little squares that are about 1/16" thick, and are meant for sealing off electrical outlets for noise, and fire. They remain pliable like silly putty, and can be easi,you removed at anytime.
Our equipment room will be behind the rear wall of the theater, will be a atrium. The atrium will be inside our home, and will have a partition conceiling the audio equipment from view. The plants in the atrium will get their light from a skylight, and will have no access to the outside of the house. It will have a glass wall around it plus a glass door, with the walls being maybe 6' tall. This will allow the plants to provide the healthy aspects we need with my health needs, and at the same time allowing the heat to rise from the equipment to the high ceilings. When I was looking at homes built like this it felt like the air conditioning was on...even though there was no air conditioning or fans in the house. If you are interested, I can send you a link that talks about designing a healthy home. I found it interesting about using plants to reduce ions, and create a healthy environment to live and breathe in..