Teflon tape is a good thing. My dim memory forgot what a great thing it is to have in the tool kit. Have it on the list.
Its actually not good to use teflon tape on certain areas. This might be one of them. If the tape were to get into the fitting it would be carried into the transmission. I recommend PTFE thread sealant. If it gets into the line it will just blend in with the oil and not cause issues.