It may work as the OP has suggested, but may not be a good material for large, built-up type construction. I've read several threads where it hasn't worked as well as hoped. The latest I can recall is MetroMPG's kammback.
http://ecomodder.com/forum/showthrea...sion-3518.html
See post #66.
The two-part stuff that is mixed together may work better, like the thread showing an artist and his highly modified car:
http://ecomodder.com/forum/showthrea...ting-2793.html
But I've never used any of this stuff.
See how smart you can get by reading threads on ecomodder.com?