Results were somewhat mixed. Some of the tools took the dip very well, and it left a nice rubberized surface that feels strong enough to stand up to consistent use, but is potentially a little too smooth (maybe adding texture between coats could help).
I am less pleased with the results for dressing the ends of the rope. The dip coats nicely, but feels like it is going to eventually flake off.
Open a non-profit primitive skills school. There are several of these skills that are rapidly dying and will likely be gone within a generation.