Disregard that 'rust free' comment...this stuff works best when painted right on top of rust (not loose, scaley rust though).
Right from their web site: "Use POR-15® to coat rusty frames, floor pans, farm equipment, marine equipment, or even a heavily corroded battery tray."
Here's some info that's good to know:
http://www.por15.com/Portals/0/uploa...directions.pdf
Note that part about the lid being permanently bonded to the can! I found it best to buy a bunch of pint-sized cans because if you open the big can and don't use it again for a month, it's generally bad.
The big can would be best if you were going to do the entire vehicle body and frame in one weekend. I used the stuff for control arms, gas tank, frame...pretty much anywhere chassis black went, but it took me a while to get around to all these parts, hence the bunch of little cans.