Jolene said..
Careful consideration should be taken in sealing 316 threads. I have found that crevice corrosion seems or can be,,very difficult to stop using thread sealants. I have seen fittings that have had their threads eaten away over a very short period of time. Some even have a fissure that start in the thread and then run through the main mass of metal.
The telltale sign is the rust stain running or bubbling on the fitting from a very tiny weep .
This corrosion seems to occur more when the thread sealant is relied upon to fix the fitting in a particular position without preloading the threads. I have fort a loosing battle with one particular 316 fitting on a boat so next time I'm going for a softer compound like Fixtech 15 to seal the thread . What ever you do, if it's 316,,, keep an eye on it!!
I had some special 316 stainless nipples (10mm wall) made up which I welded into the hull of my boat and then fitted S/Steel ball valves to them. Unfortunately I specified 'straight' instead of "tapered" thread to be turned on to the outside of the nipples and had the same issue of getting the handle of the ball valve to stay in a certain position. I tried sealant paste but as it never dries the valve rotated when touched. I ended up using a thick thread tape that enabled me to screw the ball valve on quite firmly to the position I wanted it to stay.
Yes, crevice corrosion is something to be aware of. It relies on the lack of oxygen in an electrolyte (salt water) to have its evil way with your fittings. As long as the fittings are not sitting in stagnate bilge water (where they should be dry) inside your boat or there is no stagnate water trapped in the thread, you should be okay. It also pays to use (have water flow through) your fittings. I only had 4 of these fittings in the boat. Engine intake, deck wash, kitchen in and kitchen sink out. They were all used regularly so no chance of oxygen starved water in them. My shower water was pumped to a cockpit drain above the waterline and the head discharge was above the water line (under the stern) as well. But as Jolene said, keep an eye on them. This goes for any skin fitting as the silicon bronze fittings and valves that were originally used in my hull weren't without their own set of problems. Cheers