I have been doing plumbing repairs for many decades now. Long before Teflon tape existed I, we, used hemp and I would put a few drops of paint on it and those threads sealed reliably every single time.
Now we have this newfangled Teflon tape which is supposed to be better but it just does not work well for me. It does not seal as well and even if I use a lot of tape I very often get a micro drip. Not much, a drop every hour or less but still unacceptable.
I guess the very slippery nature of Teflon is what lets the water leak past it.
Using a drop of paint with hemp assures a good seal but the paint part is a bit of a hassle.
Instead of hemp I have often used strips of non-woven material, NWM, like the sheets that go in the clothes dryer, some napkins and bags, etc. I cut strips about 10-12-15 mm wide and they seal really well.
But I do not use NWM if I will later be applying heat because I do not know if the NWM will stand the heat. In cases where i will be soldering the pipe or fitting I use hemp.
I have just installed a water pressure gauge in the main pipe, using Teflon, and I am quite frustrated that I am going to have to do it all over again.
The gauge is 1/4" BSP male and needs to go into 3/4" BSP female so there are three threads: 3/4", 1/2", 1/4".
They are as tight as can be and yet still drip minimally. I am also suspicious that the threads should be tapered but in fact are straight, cylindrical. I think that would explain a lot. Tapered threads will tighten and seal but straight threads will not tighten.
If I put some container to catch the drip the water would probably evaporate and it would solve the problem. Some times after days or weeks the drip might stop because the seal improves, maybe the calcium in the water seals it.
Very frustrating.