Personal opinion. . . Don't expect recycled blacktop to be blacktop.
Recycled blacktop is either:
A. A courser ground product that is mixed into new blacktop at the manufacturing point. It is used to recover 28% to 35% of the petroleum base that existed in the recycled product to be blended in a new blacktop application. Whether a street or highway project, a contractor is only allowed to use 25 to 35 percent recycled in any blacktop project in our state and others. That is a reason why streets and highways are a harder blacktop surface than some driveways because driveways could contain as much as 45 percent recycled. Weight bearing numbers for blacktop is a combination of thickness, pressure, and bitumin/aggragate pecentages.
B. A fine ground product that is less course than any gravel sizes is referred to as millings or tailigs. It's fine texture packs together nicely to cover some sort of base material that is older and firm like old gravel driveways, car lots, shoulders, or similar situations to the 3. Typically is used in thinner layers than is a blacktop layer because it has such small remaining aggragate sizing that it is not designed to withstand heavy weight compression on its own without a base underneath. It knits together from heat of sunlight. . . But it's not designed to be blacktop. . As it doesn't have he binder quantity that is blacktop. I have never personally seen sealer used on millings or tailings for any purpose other than coloring. And I have never seen a "binder" added to milling or tailings. Recall what oil or gas does to blacktop. . it softens it not hardens it. So the idea of adding any kind of oil to railings as a binder is not logical nor is it good for the ground. Tailings/millings is a great product when used correctly and is a low impact alternative for blacktop, or a high impact additive when used over a seasoned gravel, compacted clay, or broken concrete base surface.