There is a lot more to selecting an oil seal than just the diameter and width. There are very many variants of material, spring tension, etc, and many of those available are not suitable for car engines. If in the slightest doubt, buy the correct part, which is not all that expensive.
Usually the timing cover is a bit distorted and it is advisable to use some kind of sealant such as Red Hermetite on the gasket. RTV on its own is best avoided, as you would need a thick bead of it in that particular place, and some would most likely get inside the timing cover, fall off and get chewed by the chain. RTV seems a nice soft material, but like all silicones, it can block oilways, and if it migrates to the hot parts of the engine, degrades into silica, basically sand, which you don't want in there. RTV is great where there is no risk of it going astray.
The half moon seal may occasionally leak, but most of the time it is because it was fitted without a small blob of RTV between each of its ends and the sump gaskets, which overlap it. You also need a small blob of RTV at the other end, where the sump gaskets butt up against the transfer case gasket. Some people put a thin bead of RTV in its groove, but it rarely leaks around the edge so that is not necessary, and as said above, you don't want stray RTV inside. Changing the half moon seal means splitting the engine and gearbox.