Yes Jim I have tried it and it works when reusing silicone hose. This is what I do when I'm overhauling an engine or replacing a thermostat etc. It also peels off pretty easily if you have to remove the hose at some later date.
One caveat... make sure you get all the old coolant off the inside of the hose and the outside of the tube. The glue will stick to it, but seems to come loose later.
I also don't like using a lot of glue.. it's a real pain to clean up when you have to go back and do more work on an engine. I've probably spent as much time cleaning off "High-Tack" as doing an overhaul.
By the way... We always called it Gorilla Snot for obvious reasons, but I was trying to be nice for once.

Dallas
Dallas, I think that is the stuff we used to call monkey snot.
I try to keep the surfaces clean (no "glues"). But with silicone, I can see that your solution might work.
In other threads, I have talked about re-using silicone water hose and I have never gotten it to work. Have you tired it on that type of application?
Jim