Using Drip-Less.
Which I guess is the Teflon that you mentioned. It's like a putty that goes between two regular rings of packing. Sells for $56. Have no info regarding GFO. Here's what the WM catalog has to say about their product:"Drip-Less is a unique, clay-like material that molds to the inside of the stuffing box, creating a permanently-lubricated seal. It is internally lubricated with low-friction compounds, so it requires no water for lubrication. Properly installed, it completely seals off the shaft log to outside water. This means no water in the stuffing box or in your bilge. Unlike average flax packing which breaks down due to heat and contact with water, Drip-Less Packing wears slowly and lasts several seasons, thus eliminating frequent packing changes and expensive annual haulouts."