Teflon is the only way to go if you are installing this with your motor in place. The teflon scraper will be much easier to install because you don’t have to make it fit perfectly by trial and error. A little trial and error is no big deal when your engine is on a stand, but a pita from below.
My “perception” is that it’s ok to allow the crank to hit a little teflon. The crank will quickly wear it away and a snug fit will be acheived. A little. Don’t end up with a bunch of chunks of teflon looking to plug your oil filter.
It takes some iterations to get the scraper trimmed just right. Since the screws don’t locate the scraper precisely, it will be a little different each time. Once you decide the scraper has been trimmed perfectly, it will not want to stay in place while you put on the oil pump, checkvale and oil pan. Inevitably the process of putting on the oil pan will shift the scraper a little. Then you’ll be concerned that the crank is going to hit it. Then you’ll have to go get your wife to turn the engine thru a couple revs for the 20th time so you can lay underneath it and watch for any contact between crank and scraper. And there lies the beauty of a teflon scraper, in that you can afford some contact.
I used high tack gasket goop on the underside of the block to hold the scraper in place. You’ll get some of this in your hair, eyes, face and shirt. It dries pretty quickly so you should be able to remove the locating bolts from the scraper, put in pump and checkvalve, and then install the oil pan soon after.
Matt said it was not too hard, but for me it was a pita. It took hours. I did not remove the steering rack. I just unfastened the engine and tranny mounts, then lifted the engine a couple inches.