Aquadog11, The heavier yellow or orange that marspeed mentioned is what Paul at Oceans Motions says he uses for the threaded fittings on his Oceans Motions Wavemakers. He says he's never had a problem. That would work for any threaded fitting.
Jet Fixer, The pipe dope in the link you have is not the same thing as teflon paste. It is mainly used for metal pipe and sealing drains into sinks etc.
I haven't used the teflon paste, but have heard several people swear by it.