This is an old thread. But the question is still valid and a lot has changed in auto coolant since its posting. This question is very relevant.
This is not a accurate. While you are correct that it does prevent freezing and its name would make you think that this is its primary function. It's primary function is in fact to remove heat from the engine. Here is some information to help illustrate it.
""A typical vehicle with a four-cylinder engine cruising down the highway at 55 miles per hour will produce nearly 5,000 controlled explosions per minute inside the engine as the spark plugs ignite the air and fuel mixture in each of the cylinders. This is what propels the vehicle down the road. These explosions produce an extreme amount of heat and will destroy an engine in a matter of minutes if not controlled. The engine's cooling system is designed to control and regulate these high temperatures.""
As far as Thickness/viscosity is highly dependant on ratio. however it will always be thicker than water. Corrosion is extremely important to consider if you want to use auto grade coolant. You have to stick to any 10 year rated OEM coolant. I recommend Mopar 10 year only because it is what I know since I work at a dealership. There are other compatibles. Avoid anything off brand, universal, 5 year or 3 year. Also there is no anti bacterial in auto anti freeze due to its operating conditions so adding an antimicrobial is going to be needed.