Thats what i used on my 383 supercharged, i used brand new head bolt(not arp, i dont remember wich one actually) w/out thread sealant on them from the factory, not many miles spend with the engine yet but its doing its job so far.
Now you got me confused lol, I think that was the right product for head bolt when i build my engine because thats what i seen most guy use on other site/forums, i was wrong or right to use the product for my head bolt?
And i used ultra black on the intake bolt, i can't remember why :/
I also used it for the fuel line npt fittings(despite its not the appropriate product for the application) with good success
I also used some GREY anti-seize on the underside of the bolt head, apparently it help for bolt torque or something like that.
like this: