IMHO. Here is my practice for the past 7 years, until I sold the A620 setup last December, after 3 weeks in Bali.
NO cotton buds! They shed fibres which can be very very bad!
If you use those cheap buds , they do shed. But after 6 years of doing the same, they are cheap and easily available. Plus if your dive mate asked for one, I won't hesitate to give a few. I would use about 4 - 6 pieces per clean up. Sometimes, on a rocking LOB, I will wait till breakfast time & in broad daylight that I will dip a bud into hot water to go thru the o-ring glove (or what you call that cavity on the housing). this will help to disolve any potential salt crytals that skips my eye.
I don't remove my orings every time I open the housing. I do a serious and thorough visual inspection every single time it's open and again once it's closed, though. I also do a tactile (ie run your finger over the oring) inspection to check for any strange bumpies or things I might not see but can feel.
Your eyes can be deceiving and your fingers numb to a certain fine hair or sea salt crystal. Plus, your finger may have oil (finger, shaving cream, butter, peanut butter etc etc stains, that you do not know)
I am taught this simple rule : Whats another 5 - 8 mins of preventive measure to remove, clean, re-grease and put back the O-ring , to ensure that the camera housing is not flooded ? The ocean will not missed you if you are 10 mins late .
It was worse when I was using the older S-series whose batteries are good for 1 dive (60 mins). With the A620, I only need to change the batteries at the day's end (about 4 dives & 600+ shots with 90% flash)
Thank you