High-pressure systems can be used to spray all three types of spray polyurethane foam. Of the three types of spray foam used in building insulation and weatherization, the high-pressure, two-component spray foam is most likely to be used on larger projects such as a new building construction or renovations. SPF applied with a high-pressure system tends to adhere tightly to the entire structure which helps avoid sagging or detaching from its position. It can also provide a seal against air and insects. 

After researching this, Im curious about a method called poor mans sprayfoam where foamboard is cut to size between studs and sprayfoamed around the perimeter. Aside from the labour doing the job yourself, the cost seems comparable, is one better than the other? What about the quality of the canned sprayfoam around the perimeter? When i see sprayfoam done, it is never a full depth of the studs, so you would get 2.5-3 inches in a 3.5" (2x4) wall. Any thoughts? 
While coatings may potentially stop minor leaks, the roof should be properly repaired and dried prior to coating application. Coatings may be able to seal pinhole leaks, which are leaks not visible to the naked eye. If the roof is leaking, the roof leak will need to be identified and repaired prior to any recoating; do not expect the coating to find and seal the leaks.
R-value is the term given to thermal resistance to heat flow. The higher the R-value of an insulation product, the more effective the insulation properties. Spray polyurethane foam comes in a range of densities and cel structure. Low density foams are referred to as Open Cel SPF while higher density foams are referred to as Closed Cel foam. 1.8-2 pound polyurethane foam has the highest R-value of readily available spray foam insulation used in homes and buildings.[4]

Roof Spray Foam Insulation