You have things the right way around: the female part is stainless steel and the male is CPVC. If you use the right type of thread sealant, compatible with the fluid you're sealing and with both CPVC and stainless steel, you will be fine- as long as the temperature is below about 80 C such that the CPVC doesn't begin to "creep" on you, and you're within the P/T limits of the CPVC components.
I recommend that you use an anaerobic paste thread sealant rather than just Teflon tape if possible. It will be more forgiving- but only if you choose one which will not embrittle CPVC. Check with the mfg. An example is Loctite (Henkel) "No More Leaks" sealant, but there are many others.
You have bigger problems with SS NPT male parts in CPVC female parts due to the tendency of the fitter to over-tighten the fittings to the point that the female part splits. Better quality CPVC female parts will have an external ring, often SS, to reduce the tendency for the parts to split.