Closed-cell (aka two-pound foam) is denser than open-cell at about 2 pounds per cubic foot. Its R-Value is between 6-6.5 per inch. As a result, this kind of foam is much more expensive than its counterpart. The reason closed-cell doesn't need a vapor retarder is because it already has one. It's permeance is 0.8 perm, which means it can handle cold climates without the use of an additional board or drywall. Closed-cell uses hydroflurocarbons (HFCs) as part of its makeup. However, this material has been known to have a high global warming effect. If you want a green insulation solution, this is not the material to use. A way to avoid this and still use closed-cell is by installing it alongside fiberglass batts.
Repair and seal roof penetrations, tears, open seams, etc. using Elastek 103 Crack & Joint Sealant and reinforce with polyester roof fabric as necessary. In larger or deep ponding areas, apply Elastek 500 Puddle Plaster to fill in areas that hold water. Avoid using plastic roof cement. Serious ponding should be referred to a roofing contractor. Blisters in previous coatings may be opened but these areas must be allowed to dry-out completely. Blisters in the roofing ply should be left alone unless likely to break. Caulk and reinforce open seams, roof penetrations, cracks, and tears. These are potential leak points so work carefully and thoroughly. Use fabric to build flashings around roof edges or roof penetrations, and to reinforce various coating repairs. A polyester fabric is used because it will stretch with the coatings. (Fiberglas fabric is not recommended.) Fabric is normally cut to extend three inches beyond the repaired area in all directions. The coating is applied to the roof surface and the fabric is immediately pushed into the wet surface. An additional coat is applied over the fabric and the patch is allowed to dry. If your roof has stucco parapets, examine them for cracks along the sides and top. These areas often permit water to enter the wall and can cause blisters and wrinkles in the roof surface. Repair with Elastek 103 Crack & Joint Sealant. If you do not have parapets, examine the metal drip edge for a tight seal with the roof membrane. Use 4″ or 6″ roofing fabric covered under and over with Crack & Joint Sealant to seal cracks along drip edges, penetrations, and open seams.
How Much Better Is Spray Foam Insulation
One thing I wanted to mention was that I think your price point is a little high and that might deter people from considering spray foam. As a project manager for a spray foam company for years I can tell you that we offer 0.5 Lb. open-cell foam at around $.25/board foot. We even offer a 1.0 Lb. open-cell foam for less/the same cost as you quoted the 0.5 Lb. foam for above. The 1/0 Lb. open-cell foam has an R-value of almost 5.