Bad technique!?!? As I wrote above, I've seen an example of the problems with Teflon tape with my own eyes, on my own airplane. You are, of course, free to use what you like on your airplane, but please don't accuse me of bad technique for using a perfectly suitable alternative, and for following the guidance in AC 43.13-1B.
Quoting from paragraph 8-38. f. (page 8-21), "Do not use Teflon tape on any fuel lines to avoid getting the tape between the flare and fitting, which can cause fluid leaks."
So, flare contamination is a third potential problem in addition to the two I mentioned and the one Mr. Lehman pointed out, above.
I'm sure Teflon tape can work to seal a joint against fuel and oil leaks, and I'm sure joints have been successfully made with it. The problem is that when it goes wrong, you can't see it because the fault is hidden, and unlike a paste sealant, Teflon tape can come away from the joint in homogenous pieces large enough to clog filters or small passages. I stand by my statement that Teflon tape is not suitable for this use case.
There are a number of fuel-safe paste sealants available. The Loctite PST products, Permatex 85420 Permashield Fuel Resistant Gasket Dressing & Sealant, or Gasoila Soft-Set Pipe Thread Sealant are a few examples.