First hand experience: Gasgacinch, the universal favorite, should be used on the journal saddles. I don't think anyone seriously means they put sealer on the journals.
What will happen without, oil wicks into the mainbearing stud holes and leaks down the bolt, or stud, and leaks. Very disappointing.
per Mike's post. I used some sealer but not with due care. A few of my studs are leaking. I hope to get them sealed up with bandaids short of pulling the engine.