Firstly, coal tar is a material derived from distilling coal. Bitumen is the residue from the fractionation of petroleum. They are two different materials.
Coal tar is a known carcinogen. Asphalt appears to be considerably less hazardous.
Coal tar coatings are usually coatings having a polymer as the coating matrix and the coal tar as the extender/flexiblizer. They are some of the best coatings for buried pipe.
Indene-coumarone resin based coatings are sometimes referred to as coal tar coatings. They are in fact the distilled Indene fraction of coal tar. They are better from a health and enviormental perspective. They are also more expensive and require a good chemist to achieve the mechanical properties and performance of a coal tar coating.
Asphalt/Bituminous coatings are, more or less, the substitute for coal tar coatings. They are usually less heat stable.
With any coating application, the base/primer coat is extremely important. It needs to be of a thin/low viscosity to prevent holidays and pinholes and create a tenacious bond. Low flash point solvents can be useful in primers. On the other hand solvents in intermediate and top coats may be a combination of high and low flash point solvents. High flash point solvents can migrate out of the coating overtime resulting in shrinkage, cracking and loss of flexibility. Low flash point solvents in the same coatings can be trapped in the coating if misapplied. Resulting in early coating failure.
Hot applied coatings, as I understand them, are asphalt/bituminous coatings which can have some very good performance properties but are none the less subject to the hazards of the construction phase and can have water intrusion problems. Even low levels of moisture at the substrate during application can be very detrimental to the water resistance of a bituminous coating.
Tape coatings used in conjunction with a coating or as a remedial field coating have some very good advantages where corriosion conditions have shown to be a problem. Tape coatings and joint tape are two different job materials.
The following two web links are very informative on this subject.