Forgot all about updating this thread but at least I've had a good chance to trial this stuff out.
And the verdict is...really can't fault it.
Probably had at least half a dozen launches and recoveries, no sign at all of wear on the bunks and no apparent damage or marking to the hull.
Not bad considering this is a 3500kg boat and I use a good proportion of the 450hp available to force the boat right up to the winch post.
It has been said that this stuff is very slippery and the boat could come hurtling off the back. From the little winching I have done, I think it is marginally less grippy than the original canvas material but certainly not anything to worry about. Of course theres no way of knowing how close the boat is to breaking away and flying off the trailer until it actually does but I don't get the impression it's likely to happen.
Overall a good product well suited to the application and I'm happy to recommend it