As well as the continuity (or otherwise) at the glands, what happens once the conduit oxidises a bit, or gets painted etc.etc, insulating each 'turn' from it's neighbours?
You could still have end - to - end continuity, but via the spiral of steel tape, it would be more induction than conduction.
I've probably not grasped your thinking here but the spiral is one continuous piece, not multiple rings.