I think the big thing about them not leaking is the actual condition of the mating surfaces and the straitness of the edge of the valve cover. When over tightened, they tend to get distorted. I ALWAYS snug up the valve cover bolts, get the engine warm, then tighten to spec. The only place I would recommend sealant is where the lower intake and head meet, and that would be a very small amount at that.
Just like a trans pan, gaskets are usually cork, if you install properly, it will not leak. Using sealant there probably wouldn't be such a great idea.
Even a 327 I had with cork gaskets and new cheap edelbrock chrome valve covers didn't leak with their "4 bolt approach." I've used all types of gaskets with good results when used with known good valve covers. The good thing about rubber ones is that you can sometimes reuse them, but if it leaks then you gotta do it again.
Pete