Ooooo Kaaaay. Now I'm primed.
Overtightening pipe thread is a great way to split castings. Yeah, that's the voice of experience. Pipe thread is tapered, so as you tighten, it wedges into the female threads. Tight enough, and you hear the telltale "TINK" of the casting as it cracks.
RTV Silicone=the most universally overused sealer. I find I use less and less of it. I've probably bought my last tube, at least for automotive use. It is really good for sealing the corners of the pan or intake gasket set, where the rubber end seals butt against the cork-or-paper-y gaskets. Some folks don't use rubber end seals, and perhaps RTV is a good replacement for them.
Hylomar=Neat stuff! I assemble parts with hylomar and can dis-assemble gasketed parts without tearing the gasket. Add a smear of fresh Hylomar and re-assemble. I saved a bunch on gaskets by being able to re-use them. Hylomar was invented by Rolls-Royce, (but licensed by various others) so expect to pay plenty for a medium sized tube.
Permatex form-a-gasket=the "poo" looking goo. One variety hardens, the other just gets perpetually thicker. Yeah, it glues gaskets pretty well, and it'll seal threads. If I owned some, I'd probably use it until I ran out, and then buy something else. Dammed miserable to clean off your hands. Once gaskets smeared with Permatex are put in service, you'll rip the gasket to shreads before the Permatex will let go. Once it sets up, it's dammed miserable to clean off of parts, too.
Teflon Tape=obsolete, and a pain in the tuckus to work with. Plenty of folks wrap it on the threads the wrong direction, and have no end of frustration (me, for instance) Or they don't wrap it tight enough and it just bunches up where the fitting screws into the female threads. Can tear and come loose internally, but I have to admit I've never actually seen it. Can electrically insulate an electric switch or sensor so it won't function. Heat probably is NOT a factor, teflon works on frypans, right?
"normal" Teflon paste=obsolete for sealing pipe thread EXCEPT if you would be sealing a drinking water system. To tell the truth, I'll thin it with alcohol and use it for gasket sealing, I've rejuvenated used intake gaskets and even applied it to stamped steel head gaskets. I had to double gasket my big-block valve covers, and that's what glued the two VC gaskets together. I won't use it for pipe thread sealing on automotive stuff.
Anti-sieze compound=Has some sealing ability, and allows you to remove otherwise "problem" fittings, like iron plugs from aluminum intake manifolds.
Loctite PST (Pipe Sealer with Teflon)= FANTASTIC STUFF! This contains the active ingredient in other thread locking compounds, so the thread sealer doesn't just "dry", it HARDENS. Does a SUPER job of sealing pipe thread, and at the same time, prevents corrosion of the threads so you can take the parts apart later if you want to. THIS IS THE STUFF YOU WANT for automotive use!