I don't use Silica wicks in rebuilding my subtank nano. I also use a nano, rebuild the heads, and use a high VG based liquid. The key to getting it right, is in the amount of cotton. I do use Japanese cotton pads, clip it right by where the base is... it's hard to describe, but don't use a tonne of cotton, but use JUST enough to cover the wick holes. If you keep getting dry hits.. take the base off, and poke a few holes in where the wick is protruding. Make sure you don't twist your cotton at all, and if you have to twist some to get it in the hole, make sure the twisted part is cut off. For your cut... make sure it's no longer that 1/16th of an inch, or 1.5mm outside the hole.
With ecowool, you can't really change the thickness, which will cause severe leaks. I