Every time I go to the Box store I look for new products to try on our cars.
I ventured into the roofing area to look for tar replacements (wheel well, etc) and since this product only costs $7.98 for a quart I brought it home.
First pic is of the product applied wet to a piece of scrap steel. It takes around 4 hours to dry, but I have yet to fully test its dry times under various conditions. I applied it and left it in a cold 40* shop overnight. After drying it was hard, yet pliable.
Second pic is of the product after it was allowed to dry. I didn't try a full buildup, but based on this it looks like it can go on fairly thick. It was applied by dripping it out of the squeeze nozzle.
Third pic is the product itself and a flat view of the first test.
I don't normally post on stuff I haven't fully vetted, but the initial test was good enough that you might want to test it out and see what it can do. The product is thick enough to stay on, yet liquid enough that it droops quite nicely. Plus, it's a latex base so water cleanup. I have not yet tried multilayers or spraying.
But at just $8 it's something you may want to try out yourself.