When Wipaire painted my airplane they put this
stuff on my flaps, nose gear fairing, and nose wheel pant, at my direction. Click on the leading edge protection link. They told me they had far better results with this than with UHMW tape. It goes on wet with a solution of distilled water and dish detergent, so is fairly easy to move around a little bit during installation. It
never turns yellow. It feels more like a soft vinyl or neoprene and is a bit thicker than UHMW. I recently removed and replaced the covering on my nose gear fairing and nose gear pant. It comes off pretty easily with no paint damage, and the new material installed easily after I did some repair work. My only issue is this. My fancy(expensive!!) locking gas caps siphon a bit of fuel right out of the key slot on climbout with full tanks.
This issue with these
caps has been discussed in these forums. That fuel runs off the back of the wing and a tiny bit has worked its way under the leading edge of the flap protective material. A bit of blue stain is clearly visible under the material now. It has not affected the tape at all, but doesn't look very good. I will replace the tape at my next condition inspection and will see if I can lay a very thin bead of clear RTV, or some other fuel tolerant material right along the forward edge of the protective material. I now am careful about not topping off the tanks right to the top and that helps. But, sometimes a guy wants all the fuel he can get!

Obviously, this would not be a problem for airplanes with non-siphoning gas caps!

The material is expensive, but IMHO, is way better than UHMW. No yellowing, and installation and removal are pretty easy.
$.02 worth