I guess everyone's experiences are different, but I've not found the need to discard beer that has been sitting in the lines, sanitize the faucets between pours, or use faucet caps.
The only time I sanitize my faucets is when I'm bottling beers for competition. I'll unscrew the spouts and dunk them in Iodophor and also spray some Iodophor up into the faucets.