The black nasty stuff is a popular roofing cement apparently popular here for protecting trailer floor bottoms... It really is nasty like tar , and doesn’t apply easily , unless it’s WARM outside ... and it smells ...(Likely you know All about this stuff already ) We did as heavy a coat as possible around the bottom outsides of the FS and then just sprayed undercoating over all that and the middle ...
Funny , on my all Steel mini Cargo trailer the floor , made from boards is totally exposed underneath , but shows no signs of rot, staining , or wetness...
On a new HF trailer , you should be able to just CLEAN it with a good de-greaser, and paint away .... on mine which as faded, we’ll need to do a little light sanding/scuffing of then surface to remove any oxidation first (3M scuff pad) ... Have to paint mine soon and have some brush on Rustoleum for that ...
Plywood ... we found from many other projects in the past only the “better”($$$) grades of plywood held up well to time and use , and the Good stuff wasn’t really available at a Orange or Blue store... OSB flooring is cheap and everywhere...
Now there seems to be another grade of OSB -ish’ material out there , used by the RV manufacturers for floors (?)
... much smaller wafers’ and with a dry appearance.... it soaks up water like a Sponge... puffs up and turns to oatmeal in a short time ... Not Good !!!
Not to be confused with real OSB flooring ...
G’mo.. From a roofing standpoint... what’s your favorite material ? You’re the Pro!!!