eh, my reply certainly came across as mega smartarse....
I know what it's supposed to do, it's the same principal as Rust Bullet.... Encapsiators have been around a long time... we where using it in the mid 90's in marine apps LONG before it became intraweb famous... it does slow progression down, but it will continue to rust and the POR15 will often be falling off in large sheets in a couple years.. 5x's faster if you don't topcoat it...
the first year or 2 your thinking, "this sh*t is great" cuz it's thick, covers well, and is hiding the growing disaster underneath well..
a better choice are converters, but even they have limitations.. at least it penetrates and converts the outer layer of rust to iron tannite... if the rust is thin enough a converter is viable.. Ospho makes a nice one... but if it's even moderately deep, it will continue on like POR15, etc..
now.. that was the political correct response..

here's the guy that started his career in a resto shop and eleventy hundred hr's on his projects and coating systems......
society beware.....
ALL OF THESE APPROACHES ARE FOR LAZY PEOPLE...REMOVE THE RUST AND IT WONT CONTINUE!
there I said it, lol.... media blasting, acid, mechanical... get rid of it...
that's why I call it snake oil.. it's like the mid 1800's scam artists selling a bottle of booze as "Dr Smith's Miracle Elixir of Wellness and Joy Joy"..... people looking for something too good to be true in a bottle...
can it be a viable, helpful product in some cases? sure....
is it as good as web myth would have you believe? not remotely..