That's probably right, if if the insulation is really made of a silicone material.
Anyway-
I dissected the severed fusible link for the headlamps (it's a brown one) and took a few photos.
I noticed that some of the copper strands were melted together, as if you tinned them with solder. The rest of the strands were corroded black, in the usual way.
NOTE: You should probably install new fusible links, to provide proper protection from overloads. Old ones aren't up to the standard.
The conductive part was certainly not very substantial, and it looks like the new fusible link I just got has the same size conductor, but with a slightly thinner outer jacket.
I think we can finally say that a fusible link is not "just like" a fuse, as some people who install MaxiFuses think. Neither can you say that there is an equivalent amperage. As Beermanpete stated, it's simply a smaller gauge conductor, and if you wish, you could make your own fusible link, with out any "voodoo" science involved, and that it is perfectly safe to use a piece of WIRE in place of the fusible link, as long as it's the correct gauge of wire.