Sanitred replied to my email on how to use it for a plywood tank:
Plywood Aquarium:
1) The first thing you would do is prepare the substrate. Make sure the substrate is clean, dry, free of any previous applied product, and foreign matter.
2) Prime the substrate with 1 coat of PermaFlex (240 sq ft per gal).
3) Patch and profile any plywood joints, seams, cracks, holes, etc... using LRB/TAV mixture at a Ã"šÃ‚¾Ã¢â"šÂ¬Ã‚ bead. This mixture is mixed 2 to 1, 2 parts LRB to 1 part TAV.
4) OPTIONAL but very much worth while. You would want to apply a coat of LRB (Liquid Rubber Base) to the interior of the tank to create ââ"šÂ¬Ã…"œlike a thick membraneââ"šÂ¬Ã‚Â. I would apply it at approx 80 sq ft per gal though LRB can be applied at any thickness. The LRB membrane will overwhelm any imperfections within the plywood, guarantee an absolute seal, allow ultimate flexibility, and durability.
5) Topcoat using 1 coat of PermaFlex (240 sq ft per gal) if you are not using VHO lighting, metal halide lighting, or any other high UV lighting.
If VHO lighting or any other intense UV lighting will be used, Step 5) can be replaced by applying 1 coat of a good 2 part epoxy paint (NSF approved ideally). This paint will give you the color desired and extreme UV resistance. This coat will not aid or inhibit the waterproofing/sealing of the system.