Jeez, no, don't use teflon tape. It's never recommended for brake fluid. Pressure can hit 2000 PSI.
If you can't fix it right, go to a shop. A brake fluid leak is no good.
I'm a little suspicious of using "pipe thread" to seal.
Edit, I looked at a pic on rockauto and see two copper washers you may be missing.
I also see the two copper washers on the Rockauto website, but only for the Dorman brand hose. Those washers are not in the photos for any of the other brands (e.g., Motorcraft, Raybestos, Centric, Sunsong & Dynamic Friction). Not sure how the washers could fit on the caliper inlet end of the hose based upon the caliper photo below.