Will this leak??? Any Good???

Yeah, I use the red stuff that comes in a metal can with a built in brush. Just put it on the pan side so the gasket is "glued" to the removable part.

This stuff:
http://www.motorcycle-superstore.com/14/71/988/22862/ITEM/Permatex-High-Tack-Gasket-Sealant.aspx?SiteID=Google_PLA988&WT.mc_ID=10012&esvt=0-GOUSC&esvadt=9-0-3886819-1&esvaid=30548&kw={keyword}&gclid=CJHZnoeiprcCFc0WMgodzwwAhg