Id say give it a shot man.... maby try the spay can stuff first on a junk set of valve covers and see what happens. Put a few coats on to build it up.
The reason sound deadner is effective is that a piece of sheet metal actually transmits sound while it vibrates and pulses just like a speaker. In an extreme way it does the same thing as a glass of water on top of a speaker. So anything that will absorb those vibrations will be an effective sound deadner. Ive heard of people using line-x, rhino, speedliner, extreeme liner....... any polyurthane coating as a sound deadner with great results and great protection.
And the statement that line-x in thin is false, it can be sprayed as thick as you want. Its just the application that makes it thin. Can be sprayed 1/2 thick if u want. That stuff mixes in the nozzles when spayed and dries in 60 seconds after mixed. And can be sprayed over again.