Is it chrome-plated?
Teflon tape has issues. Has to be "aimed" the correct direction in relation to the threads, so it does not unwind when tightened. It can also decrease the needed torque spec due to it being Teflon. The Teflon pipe sealer can be a better choice.
Normally, a thin coat of Permatex #2 on the threads would work well. Just enough to result in a thin bead at the top of the threads and the casting. Just enough torque for good thread engagement and no more. I would suspect this product will be the "default mode" for many people, over the many decades it has been in use.
Black, high-heat silicone sealer can be an alternative, sometimes. Same thing, be concerned with the amount of thread engagement. Not too much, not too little. Mimic what the factory did in that respect.
OF COURSE, having CLEAN threads in the casting and on the pipe nipple threads is important!
Enjoy!
CBODY67