When Por first came out, they were explicit in saying it was designed to stick to "tight rust" ie heavy rust that has been wired brushed etc to remove any loose particles. Initially, they also mentioned using it on clean metal and said it should be scuffed well with 40 GRIT!!. But as it's popularity increased, seems as though the mfr became less explicit in defining it's usage. But..... if Por is used on smooth surfaces, with a mild sanding with less than 40 grit, it will peel. Have been hearing these horror stories for a few years, but people staunchly defend it. Why then, did the mfr. of Por, years after it's introduction, finally come out with a product called metal ready or tie coat, something like that. The new product IS to provide a base with good metal adherence and so that Por will stick.
So..........the question is: Why use it in the first place!! Used to use the stinky fish oil rusty metal Rustoleum with better results. There are many other products out there. But.......for vintage Mustang restoration, REMOVING the rust in it's entirety seems like the best approach. New metal is available and there are many techniques for COMPLETE rust removal. Many use a product called Zero Rust and seldom here any negative comments on it. Also, Eastwood has a product, also.
Do not think that epoxy primer is a panacea for stopping rust by using it over same! It sure is good, though, for application on clean metal or correctly sanded metal and it will stop rust from coming back AFTER the ugh! brown stuff is removed.