Don't use rtv on the sealing plug. Its right next to the main bearings. Bits and pieces of rtv could made its way to the bearings and fail your motor. I dont remember off hand the brand name of the one I used at the shop. Is a big green tube of it and it has lasted me 2 years now with constant use. You don't put too much just enough to cover the thread. After you thread and tighten in the plug wipe the excess that you see. Avoid the temptation to use teflon tape. Sadly I still see teflon tape use in tapered fitting in engines that comes to the shop. Teflon tapes breaks up and the tapes are not soluable in oil, fuel or coolant. You can jammed up your bearing clearances with bits and pieces of telfon tapes. Only use teflon paste.
Our fittings are not NPT. If you use NPT plug it will leak. Same thing with people installing 1/8 NPT temp sender or oil pressure sender into the oil filter housing or the coolant thermostat neck. You got 1 thread per inch difference in the 1/8 sizes.
Remember to use only teflon paste for automotive uses. Fuel, coolant, oil, methanol, air, etc...if its on a car and its tapered fitting -> teflon paste is your buddy.