Unless you install the studs and torque them immediately, using any form of locking compound would be a really bad idea. The reason being that it would keep the threads from fully engaging after it's hardened, if they're installed loose. And I don't see any real reason for using it in the first place. There's also no real reason to use any form of anti-seize compound because you're not placing any form of lateral stress on the threads by tightening them in a twisting motion. Just good old oil is all I've ever used on the block side of studs. On the threaded side, you'd best follow the recommended guidelines real close, based on the lubricant used, if you're not using the stretch method.
Edit: Jay brings up a good point about aluminum blocks. I've never had to worry about that. I'm also of the mindset that it's important to cycle all critical studs and bolts several times so that thread engagement is maximized and they're "fitted" together.