The color isn’t necessarily related to the tape density. I always use Merco Threadmaster M66 (I think this, or the M77, is the McMaster default for high-density tape), which comes in all colors. I’ve had cheap tape come prepackaged with products that’s almost transparent and not with bothering with.
I also find it really helps to use the right tape width for the fitting you’re working with. I work mostly on small laboratory/pilot scale stuff (that needs to come apart in a few years, so no dope). I rarely use a fitting larger than 1/2”, but when I do, it’s a pain to use 1/2” tape. 1” (or 1.5”) will make a much neater and more consistent job. Similarly, I prefer 1/4” tape for 1/8” and smaller fittings.
I also find it really helps to use the right tape width for the fitting you’re working with. I work mostly on small laboratory/pilot scale stuff (that needs to come apart in a few years, so no dope). I rarely use a fitting larger than 1/2”, but when I do, it’s a pain to use 1/2” tape. 1” (or 1.5”) will make a much neater and more consistent job. Similarly, I prefer 1/4” tape for 1/8” and smaller fittings.