The pipe dope is made for sealing tapered pipe threads. The threads on the drain plug are straight. The o-ring is what seals it. You can't seal straight threads.
Just put a new o-ring on every time and put a little grease on the o-ring and it will not leak.
On older pipe thread plugs the white is excellent. On the newer o ring straight threads it's not needed. Pipe threads need some form of sealant to seal propperly.
Beneficial or necessary? I've never used it before and haven't experienced any leaks. The o-ring design seems to be enough for the application. Is this just insurance?
How many of you guys use this stuff?
Just replace the o-ring. Put oil on the 0-ring and plug threads torque to spec's, and I'm off with no leaks..
I call it teflon tape in a tube. I use it just for insurance. I change to o-ring every time I change fluids, but will add a dab of the teflon paste just cuz. I really don't think it is necessary, but it gives me piece of mind.