Yes, Have to get some of that. Know any good places to buy it?
The other thing I'd look at doing, is splicing in some teflon insulated wires. Used to use that stuff all the time at Qantas.
edit: I don't have any mylar tape or fibreglass tubing, but I remembered that a little while ago I picked up some more self fusing silicone tape. I feel a bit better now there is a layer over the wires, (under the melt in boiling water plastic split tube). And another over the top os it. And an extra where it is closest to the headers. That'll do for now!