I'd only want to know so I can avoid it. They were buying back 1st gen Tacomas and replacing frames on 2nd gens due to rust issues.
Source: I own a 2nd gen Tacoma and am a moderator on a very active Tacoma forum
That is certainly true, and Ford had some issues with the old minivans but I don't think those were even undercoating. But there were some frame recalls.
The problem is it's really hard to absolutely determine what's it fall in these situations.
You could have 5000 vehicles all coated with the same stuff but done from different batches or different weeks or whatever and they could fare differently down the road.
Then you have the extremely variable conditions of different vehicles in different parts of the country.
Then you have the issue of someone driving on rocky roads and shipping up the undercoating versus someone who never gets a Nick or chip on it and it seems to work great.
I there's just too many variables to absolutely say that rubberized or the cheaper tar style undercoating is always a bad thing.
Some people have Toyotas that were Factory undercoated that are holding up quite nicely that if you looked at them you would assume they would be much worse if they never had undercoating.
I will agree with you on wanting to avoid it though because they are simply better products out there.
Krown, Corrosion Free, Woolwax, Fluid Film, and New Hampshire oil undercoating are all better than the traditional spray can rubberized undercoating. But these do have to be reapplied on a somewhat regular basis to get maximum protection.
I will say that I have extended life of Rusty undercarriages many times by getting down there and scraping off as much of the flaky rust as I could, spraying the heck out of it with Rust-Oleum paint usually gloss black, and then sometimes after that dries I will go over it with rubberized undercoating, sometimes standard cheap can of undercoating, sometimes truck bed liner spray.
This has all worked better than simply leaving the frame alone and letting it to continue to rust.
For metal that is not already started to significantly rust and Flake off, I do feel it would be much better to use one of the self-healing style more flowing Coatings like I mentioned previously.