I have used Parafilm and Buddytape for wrapping the scion, no contest, BuddyTape is superior. Some people don't wrap their scions at all and they get some takes, amazing how that works, maybe works for high humidity places or something?
The union itself can be better sealed by twisting the buddy tape and then coiling it around the union, I see some grafters do this and it seems to work for them. I see some people use white flagging tape, but I like the stretchy green gardening tape personally. Seen a few different methods of it, some wrap the union up completely in one coil, whereas I like to tie one knot on one side, then tie another going up the union. It's just to really squish it together and it can make up for wobbly scion cuts, and as a bit of insurance of if you knock against it. Some people have success with using zip ties, 3d printed clamps, and a variety of other methods to secure the union a bit better.
I tried electrical tape when I first started out, but it gets hot in the sun, goopy, and unravels. Good luck taking that off without simultaneously removing the buddytape / parafilm as well!
Some grafters bag the scion and union in a white donut bag to keep it cooler, others use foil, don't know if it really makes all that much difference, I get takes just fine in full sun even on "green wood" grafts like citrus. Wrap your scion well and this is probably enough?
You'll find a lot of different styles, don't know if there is really a perfect one - a lot of creativity.