I tried it on my 48 F1 - it looked good as part of the truck rebuild, but it turned hard and brittle and leaked gas. So I put fresh red hose on it and 6 months later, same thing.
I threw it in the trash and used black rubber fuel line. That was several years ago and not a leak since.
Last winter I did an emergency repair on my 52 plow truck - all I could find in the size I needed was some 10 year old left-over red gas line. Put it on and got the plowing done. The truck sat for 3 months when I went to move it. Wouldn't start - dumped in 5 gals of gas and wondered what I heard running.... yeah, the red hose had ruptured and gas was just running out - it must have emptied the tank while it sat.