Sorry on the delay in reply. I doubt the PAM itself would do any harm to your gear, other than being hard to fully wipe off afterwards. I would expect it to allow more dust and grit to stick to the rod, guides, and the line which could eventually damage all those parts.
Somebody has come out with a product to fight it and I'm sure Steve could get you some if he doesn't stock it. Check out Stanley's Ice Off Paste™ on http://www.loonoutdoors.com/cleanerslubricants.html
'Fraid you'll have to keep looking for a way to make your fortune!