Cams and cam followers need to break in quickly and properly, especially with splash lubricated engines. I rev the engine up to 2500 rpm and hold it there for 5 minutes. Without proper lubrication, the cams and followers will be damaged instead of broken in. You use a graphite/moly heavy lube to make sure. Some people use it on EVERYTHING. But I prefer to use it on cams and splash lubricated surfaces only and pre-pressurize the oil system before start up.
The TC engine's cam and followers are not splash lubricated, you can, and should, pour oil in their wells before fitting the valve cover. I would still coat the valve lobes with assembly lube though.
Hylomar is an excellent, non-hardening, sealer. Another good one is Permatex Aviation Gasket Maker #3. I use both and am happy with both.
Silicone sealers need to be "oil-proof" and used SPARINGLY. I have seen numerous engines where excess silicone has broken off and plugged oil passages with VERY unhappy results.