In terms of using it on a new MHG, I wouldn't...looking at the MSDS for the Hylomar products, they contain acetone and dichloromethane. Both are solvents, with acetone being a ketone that attacks viton...dichloromethane is basically paint stripper.
For use on a bare metal or composite HG, I don't have personal experience with the Hylomar products. The Advanced and Aerograde products have the highest temperature resistance (similar to copper spray)...I would choose the Advanced in a HG application.