I think this depends on whether your process is a UOP or Phillips licence. Usually either graphite or PTFE filled spirals with Monel windings on HF alky plant. Guide rings (inner/outer) are either C.S or Monel depending on the piping spec. Some people also now prefer to make the inner rings into kammprofile type gaskets on CS piping, with graphite layers etc., as a kind of double-gasket system to prevent corrosion in the dead-space area around the inner ring.
As mentioned above the detecting paint is usually applied to the outer ring to readily show when leakage has occurred.