As far as a leak rate standard, your best best is to decide how much pressure drop you’re willing to start a match with, then aim for less than that over a 3 hour period. If you can at least hit that mark, you should be covered for the worst scenario FRC could reasonably throw at you.
Firstly, get a tubing cutter. Anything else is going to deform the tube or not cut square. You could probably get similar results with a razor or knife, but you’d end up spending more than the $4.25 in bandages and stitches.
Secondly, if you’re reusing fittings, make sure you clean up the threads with a brass brush so you don’t see any leftover teflon or sealant. Pre-applied sealant can be reused a couple of times, but unless you’ve been counting it’s best to just clean it off.
Thirdly, use teflon tape or thread sealant on all the tapered threaded fittings. If you’re using teflon tape, wrap it by pretending that you’re screwing the fitting in, and use just 2 wraps. More is not better with teflon tape.
For tightening fittings, finger tighten them first, then use a wrench to tighten them 2-3 more turns. Don’t tighten more than this, or you’ll risk damaging things. NPT thread fittings are tapered and it’s entirely possible to split or crack things if you over tighten them.
The above two only apply to tapered fittings. If your fitting has a o-ring, gasket, or similar above the threads, then that’s what makes the seal, and you shouldn’t use sealant, just wrench it till it’s reasonably tight.
Serious leaks can be found by sticking a piece of tubing in your ear and hunting around with the other end near fittings. Or a spray bottle with soapy water. Spray it around a fitting and look for bubbles.
Slow leaks, you’ll probably have to hunt down by isolating systems. Make up a dead end with a push fitting and a correctly size pipe cap. Use it to block off the output of your tanks so your system is just tanks and a compressor. Check for leaks. Then add the regulator, then individual valves or manifolds, then cylinders. It can be a time consuming process, but eventually you’re get most of the leak sources found and fixed.