I spent a couple of years messing with various permutations of duct tape when I initially went tubeless in about 2003.
IME it’ll be perfectly air tight if you can get it too inflate. Mostly I ended up using CO2 to achieve this, since a track pump was inadequate. I never did try the draft excluding strips to block out the valley, but I’d imagine that could certainly help with the initial inflation. I found that I used more sealant overall too.
It’ll depend on your individual tyre, rim and pressure combination, but in general terms I found them quite a bit more prone to air burping and sudden deflation than something with a better bead interlock or a rim strip.
Eventually I moved to stans rims, which seems to give me most tubeless options.
EDIT:
stan’s yellow tape is shyte & the biggest waste of money ever. isn’t it like £11 for a role?
Is it? I must go and tell that to the two pairs of wheels I’ve been using it on for the last three years.