Form taps are for ductile metals, they won't work on cast iron but pretty much everything else a hobby machinist would use, there is a limit on how hard the tapped material is but one local shop is tapping duplex stainless 5/8 UNC, lots of torque on a horizontal machining center and exactly the right tapping compound or the coating comes off after one hole is tapped.
One of the attributes of those taps is that they produce no chips so they are really suitable for blind holes. It should be noted that the tap drill size is different and that the threads are generally stronger than cut threads.
Tap drill size for Inch taps is: OD - (0.0068x % of thread required)/TPI
and for Metric taps: OD - (% of thread x pitch)/147.06