Liquid Electrical Tape

I am fixing some wiring issues on my 71 Barracuda. There are a few places where the wires fused together, when pulling them apart, some of the wire is exposed. Is liquid electrical tape a viable repair? Obviously, I could use shrink wrap, but would require removing the connector from the fuse block to do it. I don't have 500 bucks to throw at a new wiring harness.
thanks,
Rod