Hooked Up -- I just helped my buddy (whose boat I spend a wholebuncha time in) with a bottom recoat. Didn't hurt that we both have experience as industrial painters, but it isn't rcoket surgery.
As far as the dents in the bottom go, there's a technical name for that in the driftboat world -- it's called "normal." But we were warned by a multitude of people that if it isn't leaking, don't touch it. Denting it already stressed the seams a little, trying to bend them back will just stress them more.
We went with the extremely highly recommended Wetlander. It was $108 (IIRC). The manufacturer claims it can be applied over the top of any existing hull coating, but we spent the extra few hours taking it to bare (except a little bit where the chine met the hull, which was hard to grind, and figured it would make a little "ramp" so the edge of the chine wouldn't catch on anything. Used a 4.5" POS grinder from Harbor Frieght (first one dies quick) with 36-grit flap-wheel sanders. Scraped any loose Gluvit off first, then ground/sanded the rest.
The Wetlander doesn't go on nearly as thick as Gluvit/Coatit, but it's extremely strong, and extremely slick... like the tiedown strap goes on tighter now, since it wants to slide around on the trailer.
As far as a review -- it's summer, and the local waters are a bit too low to run a driftboat. If this storm dumps a bunch, that might change very soon. But everyone we've talked too was thrilled to pieces with the Wetlander.
And it doesn't dry up to 1/4" thickness. OK, maybe if you applied 20 gallons, rather than the half-gallon that's recommended.
I'll report back when we slam a rock or two.