Pipe dope on my temperature sending unit. Is this okay?

Easiest way to tell is to put an ohm meter on it, one probe on the body of the sensor and the other at a good ground on the engine block.
No resistance= good to go, no continuity= remove, clean off, and try again.
Okay, checked it with an Ohm meter and found zero resistance, so all is well. Thanks to all who responded!