I've used POR-15 base on several Jeep chassis. Foam brushes work the best to apply. Spraying is not a recommended method to apply the base in my experience. Prepping the metal is very important with POR and it almost needs a 'sandpaper' finish before applying the base coats.
Once the base is cured, it needs to be overcoated as it is not UV resistant. The surface requires a scuff, like any other paint base coating, before applying the overcoat. I've always used the 2K epoxy and it takes a lot to chip it - like off road racing getting a face full of large gravel blasts. Other vehicles with powder coating look like they got hit with buckshot under the same conditions, chips everywhere. Time to strip and re-powdercoat, but POR is a straight touch and recoat with the 2K again.
I have had good results with POR-15.