Agreed. I was taught to use it sparingly and to coat all but the first thread [closest to the business end]. General rule of thumb. Any fastener where the torque value is quoted as "dry", reduce the torque value by 10% when using any sort of lubrication. If you ever do get NeverSeize on the porcelain, use aerosol brake parts cleaner & compressed air to remove it. Both silver and copper color NeverSeize are conductive and will short out the plug if it gets on the porcelain.The danger is some careless mechanic slobbering it on the INSULATOR, which WILL create misfire.
A thin even coat on the threads is good practice.
From what I recall from years ago seeing a list of torque differences between various lubricants, the least amount of torque change was 20% and some lubricants were 50%+! Keep in mind that almost anything you put on threads, whether it be what we usually think of as a lubricant or things like thread lockers, is a "lubricant" as far as the fittings are concerned when tightening.
That's quite significant. Makes me shiver to think about a slight oil contamination on things like headbolts, unbeknownst to the owner as he innocently torques to spec! The 3/8" studs spec'd for 30 ft-lbs...and Mr. Comstock shows them pulling at 40-45 ft-lbs.