Could we get a list of components that would benefit from the use of thread lockers. Would be benefical to those of us that aren't that knowledgable.
I can't think of a metal-to-metal threaded fastener that would
not benefit, to answer your question over-literally, aside from a few cases where you want absolutely the highest or most-controlled clamping force possible (CV-joints bolts, head bolts, etc, or any other place with a specified fastener torque) where the threads are specified to be either lubricated or dry in order to reach the specified force. Also some cases where the locking might be destructive on removal, for example a screw going into a threaded insert that might not be properly crimped or crimped into a weak material.
That being said, I probably would not use it on a screw holding on a piece of interior trim or an access panel I remove frequently. It's a question of criticality vs. your time.... i.e. of risk management. To do it properly is time-consuming since it requires both male and female threads to be clean and dry.
The best way to get a handle on the subject in general would be to read Carroll Smith's writings on the subject, and/or the loctite documentation:
[ame]http://www.amazon.com/Fasteners-Plumbing-Handbook-Motorbooks-Workshop/dp/B004X95JOQ/ref=sr_1_1?s=books&ie=UTF8&qid=1353610909&sr=1-1&keywords=nuts+bolts+and+fasteners[/ame] (yes, it's worth that much)
View attachment 168592_LT4985_Threadlocking_Guide.pdf
View attachment LT-6540_AN_RemovableReliable_SS_v11_Final_Links.pdf
Another approach to deciding where to use it would be to peruse the service manual for a modern production car and see where
they call for it. Keep in mind that on most modern cars all critical fasteners have a specified torque, so if you're going to use that logic you have to torque all the fasteners they do. And you should.
By the way as Tom says you will see there are
many more than "red" and "blue" but those two grades as sold in retail stores cover most of the situations you will encounter. The more unusual ones are used for stud or sleeve installation, application
after fastening by wicking, nuclear facilities, food processing, etc. There are some for use where oil
is present.
Also, by the way, some are available in "stick" form as opposed to liquid. I've used both and believe I get more reliable locking with the liquid form, at the same or less effort.