Should the ends line up at the cap/block joint line, or should the ends be offset say, 1/8 or so? Will it make any difference?

Also, a dab of gray or black (since that's what I have) RTV at the ends?

Didn't see any guidance on the Best Gasket website, so asking here at the center of the universe of Stovebolt Knowledge.
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Matthew 6:33

1952 Chevy 1/2-ton 3100
Late '55 235/SM420/torque tube 3.55
Dalton Highway survivor (using original 216)
www.truckwithaheart.com