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Most good motor oils already contain an additive package that is more than adequate. If you are having a problem with an engine seal it's better to patch it than to try snake oil fixes. In the long run your engine will thank you. I use strictly synthetic oil (Mobile 1)in all my cars including the 74 and I highly recommend it.
The large reputable oil companies say no. Those additives advertized for older vehicles that swell the seals must cause long term damage to the seals. I would shy away from additives and stay with a good high quality oil-preferably a synthetic. That said, I don't see any harm in using an additive with Teflon (ex turbos). Don't see how Teflon can do anything but help reduce friction.
Plenty of evidence of teflon being a bad thing in engines. I don't have an hour to type, but a quick google search, or even the archives on the forum will get you all the info you need. Among other things tons of lawsuits against slick50, pro-long et al. The teflon separates from the fluid and deposits in your filter plugging it.
:lol: I had to learn how to type in the 6th grade because my handwriting was so bad my teachers refused to read my papers and kept flunking my tests. :lol: