The torch shouldn't be any problem with a low, "soft" flame. A heat gun, such as is used to soften and remove paint on houses, might be nearly as effective. Like any heat source, you'd want to keep the torch moving and not overheat any one spot...and keep any other combustibles well away.
Amazing what old undercoat can hide, isn't it? and the potential damage caused by same? Two of my Heralds seem to have had undercoating virtually from new. Both were "Personal Export Delivery" cars; not sure it that's a coincidence or not. Anyway, on the one car that I've "explored" in this area, the undercoat did a mostly good job of protection. There are areas of the chassis still displaying clean Pale Yellow original paint underneath that undercoat. Unfortunately, millimeters away from that shiny original paint are small rust holes where apparently the undercoat failed just a bit, water and dust got in, and the remaining undercoat held the moisture in place long enough to do the damage. /bcforum/images/%%GRAEMLIN_URL%%/frown.gif