[DaninVan]

The problem, I think, W.K., is that if you remove the banding completely to clean the two mating surfaces, if you use anything like a contact adhesive (which would be my choice ...rubber cement ain't going' nowhere!) getting the banding back on in perfect alignment in one go will be a b*tch. That leaves one of the liquid glues with a few minutes of open time. Putting that on without first removing the original heat activated glue residue sounds a bit risky?
Heat activated you ask? Does anyone use anything other than heat activated banding in commercial production?

 

[DaninVan]

Amen, Mike!
Most shops have banding machines, and I'm just guessing but I think efficiency would favour the hot melt systems.