Swimming Pool Fiberglass Coating?

I have a 25 year old 33,000 gallon inground pool that is in need of painting, needs some tiles replaced and has some cracks between the coping and the tiles. Most companies want to acid wash, paint and replace the tile and coping but one company wants to remove the tiles and place a 1/8 inch fiberglass coating over the gunite, old tile line and the coping.

Has anyone heard of this process and have any experiences (good or bad) with it?
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