I started using Gaco years ago primarily to solve ponding water Problem. It has work well, solved my problems with other roofing options and repairs as well as many other Flat roof issues.  My only problems were experienced when I did not clean the surface well enough for good adhesion.  Follow the Instructions.  Great product and highly recommended. .

Here's a simpler, less expensive alternative: Cut some 2-inch-thick rigid-foam insulation and glue it to the subfloor between the joists or support it with nails driven partway into the joists. Then fill any gaps between the edges of the foam boards and the joists using the canned spray foam sold at home centers or hardware stores. An even easier option is to nail the foam panels against the bottom edge of the joists and seal the joints with canned foam, but you'll lose some headroom and access to any pipes and wires between the joists. As with spray-foam kits, protect yourself and the floor from the dripping globs of canned foam. A full face shield, gloves, and a hat would be a good start.

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Closed-cell (aka two-pound foam) is denser than open-cell at about 2 pounds per cubic foot. Its R-Value is between 6-6.5 per inch. As a result, this kind of foam is much more expensive than its counterpart. The reason closed-cell doesn't need a vapor retarder is because it already has one. It's permeance is 0.8 perm, which means it can handle cold climates without the use of an additional board or drywall. Closed-cell uses hydroflurocarbons (HFCs) as part of its makeup. However, this material has been known to have a high global warming effect. If you want a green insulation solution, this is not the material to use. A way to avoid this and still use closed-cell is by installing it alongside fiberglass batts. https://www.youtube.com/watch?v=ggLAUsiuI_o&feature=youtu.be
Closed-cell spray foam insulation is one of the most efficient insulating materials commercially available, with aged R-Values above 6.0 per inch. Open-cell spray foam insulation is a performance upgrade over conventional insulation that leads to energy efficiency, improved occupant comfort, a cleaner indoor environment and greater noise reduction for building/home owners.
Thank you, Allison. We have a split system unit (actually 5) with the heat being propane. The foam guy said that it needed ventilation, so completely sealing the attic wouldn't be a good idea. It sounds like you are saying that the systems need to be vented out of the attic or replaced with some type of closed system. But I shouldn't bother spraying if the plan is to leave the soffet vents open. Is that correct?

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There is a significant price difference when it comes to using foam insulation to insulate a new versus older home. Spraying insulation inside a newly constructed home is easier because the installation company can ensure the insulation will work effectively and design it for optimum defense against sound, heat transfer and utility costs. Installing spray foam in older homes that contain existing insulation can cost additional time and money -- it is not usually recommended as compared to weatherization or an energy aduit.

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Sealection 500 is a spray-applied adhesive, which once applied, expands in place using water-blown technology, without CFCs, HCFCs, or ozone-depleting chemicals. Unlike traditional fiberglass insulation, Sealection 500 will maintain its performance; time and temperature have no effect on the spray foam insulation's R-value of 3.81 at 1 inch. Sealection 500 never deteriorates or decomposes. The product retains its shape and half-pound density over time, and never settles or compacts. http://youtube.com/v/ggLAUsiuI_o