A lot depends on where you get the tape. I used the TCSS stuff for a few builds, and as long as your properly prepare the surface (acetone on the metal), it won’t peel for quite a while.
Like any tape, once exposed to heat and sweat, it will peel eventually. But it is cheap to replace and is just part of the maintenance process. The only tape I have seen that does not wear over time, is the aluminum tape for ductwork. That stuff is beast and doesn’t go anywhere. Ever.