I have used your method and discovered also that my Knight Rifles will accept the pink tape. It is a snug fit going in, but they go in, and so far no problem bringing the plug out. Again, it's tight coming out but they have never stuck. On the Black Diamond XR with the pink tape it is impossible to put the plug in without tearing the tape up. I have used the white tape but was a little cautious about it since I worried about the temperatures the rifle might face.

I still put lube on the outside of the tape. I have not really seen a real advantage of the tape other then it is easier to clean the breech plug and the threads after the shoot...

Good information as usual there...