Well I tested the Teflon tape lubed boolits today. As a control, I shot some of the same boolits lubed with 50/50 alox, that had shot quite well before.
All I can say is never again! Most of the groups were double the size of the normal lubed, some a little less than double. BUT aside from group size there was leading for the first couple inches of the bore. In my estimation, the tape needed to get moving, or spinning to do it's job. Not that it matters, but the Teflon confetti on the ground looked like it had snowed!
Velocity was the same as the alox boolits, except for the slugs that I simply taped as cast, but did not size. Those were around 50 fps HIGHER. I attribute that to the boolit not engraving as easily. Load was 27.5 gr. 4759 generating 1575 fps with the 340 lee boolit.
It works, in a pinch, if you didn't have anything other to lube with. I'll stick with normal lubes from now on.