A few years back, I put Herculiner on the bottom of my Riverhawk B52. A brand new boat with a brand new trailer. The Herculiner created so much friction the boat wouldn't slide off the trailer into the water. Made it a nightmare to trailer.
Additionally, on my second or third trip out with the boat, I was getting out of the water on a steep ramp and managed to bang the nose into the concrete. The Herculiner scraped right off.
Never again. Stuff is worthless for boats as far as I'm concerned.
If you want something good to seal potential leaks, Steelflex is a proven product (as are others) that many on this board have used with great success. Additionally, they don't contain chunk rubber that'll cause drag when trying to put your boat in.
Just my .02,
Dave