por15 is awesome stuff, sandblast and apply, brush, roll, spit it doesnt matter it is self leveling and stops rus tcold, PLUS where other paints wont adhere because of moist, cold, rusty surfaces por15 actually adheres better to them surfaces... I have thinned it and sprayed it also, but keep in ind if you get in on your skin it is there until the skin is gone, and breathing it in {like all paints and stains} is not the best practice, so I would definitely invest in a few scuba tanks to get the job done... A friend of mine did a burried shipping container in and out with the product, then buried it 40" into the water line, it has been there for 10 years, no leaks or rust...
For HVAC I would be very picky with the equipment {I own 2 HVAC companies}, I would run insulated ducts back to the surface and run air exchangers with IAQ sensors, a lot of building built into mountains, under surface level, ect can benefit with air exchangers, some times using them as heating systems... I would use heatpumps in the lower levels as dehumidifiers for the uppers......