Coolant coming out of timing cover bolts?

Yeah but how long will that 8 bucks worth sit on most peoples shelves after being used once? Long enough to dry out and be worthless when they need it again, I bet.
'pipe dope' can and should be used on pretty much every bolt that holds a car together-makes everything a lot better if you ever want to disassemble anything in, say, the next 20 or 30 years.