I used this stuff and it does work. I had originally thought it was terrific, but after experimenting with other options I have found that it is decent, but only that. There are some GREAT options that are every bit as cheap and easy to apply with vastly superior results.
If you are dead set on this tape then I used TBIII when I used to use it and it works perfectly, as will TB II (but without the waterproofing aspect).
If you want to see an old video of how I applied it you can go to youtube and look up "How to Build a high performance longbow for under $10" . My moniker on Youtube is "Boarriorbows" and the videos #5-end of this series show the entire process.