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Single layer of precoat doesn't = good life expectancy. Foo
It's probably rubberized bitumen which holds together better
Depends on how quick they get it down. One wnaker that I worked for, had one of his trucks get stuck with a load in it, so he decided to use an excavator to clean it out. The corkhead ripped the body clean off the chassis rail. Foo
As said,Most roads in Oz are done like this, spray seal is quicker/ easier & cheaper, just respray every couple years to maintain it.
They don't road repairs round this part anymore, they have just bought 50,000 signs - much cheaper.