Casting a flange last shift, molten iron leaked from a mold gap. Some workers insist on sealing compound for every joint. Others call it a waste that hurts output. I see the point. The compound costs money and adds setup minutes, but a leak means lost metal and a safety risk. We stopped to let the spill cool before scraping. Where does your shop draw the line?
Man, I saw a report last year about a foundry that skipped sealant to save time. They had a bad leak that wrecked the floor and shut the line down for a full day. Isn't that way more expensive than a tube of compound? I'm with @paul217 on this one. Those setup minutes are nothing compared to the mess you just described. Why risk metal loss and someone getting hurt over a few bucks?