The issue only arises when using vacuum pumps. This sucks fluid out of the system rather than pushing it out with brake lever pressure. But when you undo the bleeder valve, the cone at the end that forms the seal is no longer in contact and no thread is airtight - so air is sucked past the threads from the outside and in through the hole in the side of the bleeder valve which is at ,the bottom of the threads and above the pointed cone at the end.
So no air enters the brake lines in this situation, you just cannot tell whether you are getting any more air out because of the stream of tiny air bubbles being sucked past the threads from outside.
Teflon tape helps with this, but it doesn't completely eliminate it.
The Honda manual suggests adding teflon tape to the threads but they assume the use of a vacuum pump. But you don't get any air bubbles coming past the threads when you pump fluid through with the brake lever or brake pedal, but you might get a little fluid squeezing past the threads. So, no. Teflon tape is not 100% effective and is not necessary.
Me - if I am filling the system from scratch, I will use a vacuum pump just to get fluid into the lines and to maintain a steady flow while I go round the lines tapping and flexing to dislodge trapped air - And then use the traditional bleed method to finish off. But I bought the vacuum pump to compensate for what turned out to be poor technique.
If you are trying to fill the system by repeatedly squeezing the lever with the bleed valve open, then you wont get anywhere. Air will compress easily and that method doesn't get rid of much air - it squeezes a bit out and it immediately gets sucked back in again.
It therefore takes a long time before any feel is obtained at the lever. The old method of having a bleed tube ending in a part filled container of clean fluid helps.
The best technique is to pump the lever with the bleed valve closed. This buids up air pressure in the lines. Hold the lever in so that the pressure cannot escape through the master cylinder, and open the bleed valve to release the pressure. Close the bleed valve and repeat. I fluid starts to emerge, close the bleed valve just before it stops flowing. Repeat.
It doesn't take too long before the fluid reaches the bleed valve and there is no need for teflon tape or speed bleeders.