David,
I really like the coating rather than the heat wraps. The wraps do work, but as Lynn said the pipes frequently corrode inside them. They seem to grab the moisture on cool down or just let the inside oxidize due to the contained high temperature. I have used both and the Jet-Hot seemed to work just as well without the oxidation problem. One other thing is the wraps add significant size to the pipes which can be a problem when routing too.
Bill Jepson