Dupont, the company that discovered TEFLON (a.k.a. PTFE) and developed uses for it over 70 years, refused to sell PTFE to the Slick 50 company, because they did NOT want to be associated with Snake Oil salesmen. Slick 50 is only still available because they were successful in their lawsuit that it was unfair for DuPont NOT to sell PTFE to them just because they disagreed with their product.
TEFLON coating requires a sophisticated process where the coated item has to be in a vacuum, at extreme temps and electrically charged, etc. Any of those conditions are NOT met, the teflon will not coat, and none of those conditions are present in your engine/trans/PS/differential, etc.
BESIDES, if teflon coating engine parts really did reduce wear on engines, you would think DuPont would be doing it properly, or at least someone. Jet engines have billions spent on anti-wear coatings, the best right now are titanium derivatives, none are TEFLON. Have a TEFLON frying pan at home? Will the wife let you use it or wash it in the sink? Use any metal utensile or cleaning device on a teflon pan/pot and you destroy the teflon coating. So how exactly would this work for an engine?
People have done independent test on the Slick50 products and all agee that it doesn't do what is claimed. Inconsistantly, they do find some evidence that while the slick 50 is in the motor (with the PTFE particles) there is a slight drop in friction. But that disappears as soon as you change the oil and remove the PTFE particles. They hypothesise the PTFE particles themselves while present may reduce the friction somewhat, but it never leaves behind any kind of coating that does anything. They also hypothesise the minimal improvement of friction is NOT worth the risk of running oil with tons of particles in it, that can do more damage by clogging oil filters or passages and possibely contributing to deposits.
Oh, I just changed my axle oil with Mobil 1 75W-140 Synthetic. I cleaned the old RTV off the cover and flange with a 3M Scotch Brite Pad, there is nothing that beats it, ESPECIALLY when removing old gasket material from Aluminum. A medium bead of Black RTV, let it set for 20 minutes then put the cover on tighten the bolt fingure tight, just enough to get the RTV to start to squeeze out, then let set for another hour, then go back and tighten all the bolts fully and fill with oil.
My XJ is a 2WD, open differential, only driven on the street (my teenage daughters car), so I'm different. I'm just going to fill the axle with the best oil possible and leave it in there for several years. No LSD, No Off-Roading, I figure its NOT stressed enough to change the fluid every year if I use a really good fluid.