some thoughts:
the process described at posted link appears to be an internal coating to pipe to prevent further corrosion. It does not address pipe integrity matters (i.e. amount of pipe wall thickness after corrosion). If the pipe metal is corroded and the current pipe wall thickness does not meet current design pressure requirements, then pipe replacement may be warranted.
If the issue is preventable corrosion, then it appears to be worth pursuing. I've personally applied an expoxy coating to the internal side of exchanger heads (used in refrigeration units) to prevent further corrosion (within 2-years of service, there was corrosion and pitting present). I cannot expand on the long-term success, but short term (i.e. 2-years) it did prevent further corrosion.
The comment about reduced pumping power may be valid as the pipe resistance to flow is reduced. Request that actual numbers (i.e. pump inlet/outlet pressures, motor current, pump flow data-if available) be provided before and after application of internal coating at some location. The difference will provide some economical numbers regarding operational costs.
What should be addressed is how much of the metal wall thickness is left, as the wall thickness determines (plus pipe material) the allowable pressure. If less than design, then pipe replacement may be warranted.
Address the pipe integrity matter first (if the pipe is corroded with reduced wall thickness, then failure of whole system could be more costly than the taxpayes want to know about) and then the internal coating, with economics.
-pmover