i have 2 layers of peel and seal in my cutlass. been on there for 3 years now. only had a few pieces fall off and those were on the trunk lid. i have 200+ sq ft in there. of course i did everywhere i could get.
i went this route due to money savings over others.
it did stink for a bit though since it is asphalt based.
the expanding foam was used in the trunk lid and helped alot. but be careful as i sprayed that when it was still a little cool. and as the temps rose it expanded more. no bulges or anything, but i did have trouble a couple times opening my trunk since it had come out the holes and started to cure where the lid met the seal or the metal.
but there are lots of options out there now.
hit some car audio forums and see what is used and what works.
remember though that this adds weight. so if you plan on racing know you will be slower if you add alot. if done higher, as in upper half of car it will also throw off things a little bit.
Monty