Have fun with it..
I have used it before in a profesional auto restoration shop. Some places it is a good idea, but it can make a mess with the MIG welder popping and spitting. If you first scrape the visible stuff out of a plug weld hole it helps some.
It's a nightmare with the TIG welder, you better enjoy grinding tungsten.
Some brands are worse than others when it comes to welding over it, and the harder ones to weld around are probably the better at not rusting. The two I used were made by Wurth
http://www.wurthusa.com/project/en/leftnavi/catalog/product.php?path=04.0241.jpg and 3M
http://multimedia.mmm.com/mws/mediawebserver.dyn?6666660Zjcf6lVs6EVs66SMj3COrrrrQ-The Wurth brand was the most difficult, before to long the spray can had a new paper label, it read "Spray on weld contaminator, best when used liberally"
Grigg