I just bought a 1977 Catalina 22 last Friday (Yes the 13th but what the heck sailors aren't a supersticious lot are they?) PO had just trailered and it hasn't been in the water for 2 years. I use to own the Thistle and my in-laws owned th Hunter 27 they we sailed quite a but until the sold it a few years ago. Needless the say, the Keel has some rust and the bottom paint is missing in a few areas.I plan to moor the boat all summer long in Lake Erie. I search the archives here and the closest I found to the amount of paint coverage is one guy got 3 coats per gal. If I recall correctly this stuff doesn't have a great shelf life and I know its really expensive. If I recall my father-in-law bought a quart once and touch up the Hunter (they bought it new) and was able to coat almost the whole bottom with it? I plan to drop the keel and grind the rust and primer with rust-o-leim or similar product. Then bottom coat the keel and trunk and whole bottom. Any flaws in this plan?