for glass, 1/4" is sufficient. i took two equally cut sheets of 1/8" pane glass which is very cheap and glued them together for 1/4" and it saved me a good bit of money.
if the tank is glass, you need glass baffles. silicone, or weld-on, will only adhere to the material it is intended for. and will not create a proper seal or hold on the other material. this is why you see a lot of folks have baffles move or shift or fall apart after time.
good luck!