Graham, I know what it says, I've got 2 big jugs of it sitting in my garage, however, it doesn't contain polypropylene glycol:
Have a look at this thread http://www.blatchat.com/T.asp?id=22028 - particularly the stuff about blowing radiators, then if you need more convincing do a search for "coldstream".
polypropylene glycol is much less prone to localised boiling than Ethylene glycol. Aluminium oxide is very hard but can be eroded by the localised boiling, aluminium itself is very soft and is easily worn away by the water, oxide then forms from the exposed metal, which is then worn away again... rapidly leading to "pock marks" in the head. One a pock mark has taken hold its shape means that there is likely to be slower moving coolant there, so it gets hotter leading to localised boiling etc... (you get the idea). Some people on this forum have suggested that this is contributing factor in the unreliable head gaskets the k series is famous for...
I guess the ultimate experiment would be with a thermometer and an old saucepan... any takers for coolant soup?
Anyway, it's no skin off my nose what you choose to corrode your engine with... I'm very bad about cleaning the chassis so I'll be smug up to the point that I get a cracked de-dion tube!