Frank:
Your intentions sound "good", BUT in my opinion you are asking for trouble down the road.
Common practice in this area is to replace any electrical equipment that has been in contact with flood waters. (Some large switchgear is the exception, pending FACTORY authorization)
Floodwaters contain a wide varitey of substances (toxic and otherwise) that can result in 'problems' after the fact. There's another thread around on a forum that has a link, or two to NEMA info.
John
