Most flat roofs are not perfectly sloped, causing water to puddle in some areas, in particular around the drains and scuppers. Many roof coatings are not rated or warranted for "ponding water", and thus might fail pre-maturely if exposed to standing water over long periods of time. Serious consideration should be given to the performance and limitations of the coating being selected. Some manufacturers will warranty their coatings including ponding water. Typically, manufacturers for acrylic roof coatings do not include warranties for ponding water, while some polyurethane and silicone roof coatings manufacturers will.
I recently did a remodel project for my basement using spray foam insulation. The original builder has used fiberglass, but I wanted the best insulation i could find. We chose closed cell foam because it blocks moisture from getting into the house. It took one day to install and was fumey for about 3 hours. It was pretty cool watching it being done. It comes out as a liquid and then expands rapidly into a foam. It's quick! Then they took a types of saw to shave it flat with the wall studs so we could then go ahead and drywall.

While the R value will vary, most ocSPF products have an R value of around 3.8 per inch. Unlike medium-density closed-cell SPF, ocSPF is not a vapour barrier. When installed at 5.5 inches or more, ocSPF does act as an air barrier. It is often used for interior walls because it provides sound reduction by blocking and absorbing air leakage. It is usually only recommended for indoor applications.
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Warning: EnergyGuard™ Elastomeric Roof Coatings can freeze below 32° F. This is because the product is water based. In case of freezing temperatures, stop the application process. After application, you must allow the product time to dry before exposing the elastomeric roof coating to foot traffic or water. You should also cover the containers and dispose them responsibly after application. In case you or someone else i.e. a child ingests the coating seek immediate medical attention. Don't induce vomiting. https://www.youtube.com/watch?feature=youtube_gdata&v=ggLAUsiuI_o
The video below is from a house near Charleston, South Carolina that I visited recently, and you'll see that the homeowner in this case didn't get his money's worth. I knew immediately when I walked into the attic that something was wrong because it was hot up there. In a properly insulated spray foam attic, the temperature won't be much higher than the house temperature. 
Spray foam insulation is typically priced by volume, meaning your cost will depend on how much material you need to use to insulate your space, although other factors may influence price as well. In most cases, the cost of spray foam insulation is more than worth it, as it's a once and done upgrade that will not only provide energy savings in your home, but also improve your home's overall comfort.

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