Many call it smoke packing. I have repaired a few and know what you mean. There are 2 kinds generally offered. One like the original, a light density. The other is a heavy density. I prefer the heavier density. If you are going to run liquid, then the heavy would be fine. There are various sellers available.
I usually also convert to the round resister, liquid unit. Complete conversion kits are available. If you can save the old flat, mica based unit without breaking it, then you can reuse. I don't know how long it may last. With smoke pellets they tended to last since they ended up being coated with the residue and avoided corrosion.
Also check for a cone shaped spring in the flapper. I always put one in if missing or if it has lost it's "spring", which can happen after 60-70 years. The small part of the spring goes down, against the moving part of the flapper.