Dave,
I use the 'curvable' version which has the diagonal 'kerf' saw cuts in it. I have been able to bend it down to 22" radius with no problems. When I ran out of the 'kerf' stock, I took some of the remaining 'straight' stock and cut my own diagonal kerfs in it and used that material with no problems.
I lay out the centerline on the plywood subroadbed and glue the Homabed down(using wire brads to hold it in position). After the glue has dried, I pull the wire brads and sand the edges to get a rounded surface, and run by B&D 'mouse' sander over the surface to even things out. All of my sidings/spurs use standard 3/16" cork, and I lay about 12-15" of Homabed into the siding and then start laying cork. I use a sureform tool to sand down the 1/16" difference between the two roadbed materials. Watching a train 'drop' down into the siding from the mainline looks great. The 12" or so of transition caused no derailment problems.
As I mentioned, the stuff is more expensive than cork. It runs about .85/ft, and cork is about .60/ft(MSRP) and a lot cheaper discounted. The advantage is that you can 'spike' the flex track down using large spikes and it will hold. No track nails going through the roadbed into the plywood and transmitting 'noise'. The cork roadbed sidings on my layout have a lot of noise compared to the Homabed mainline when running a train at track speed! BTW, I use M-E track spikes to attach the Atlas flex track to the Homabed. The have several lengths of spikes. I tried spiking the track to cork roadbed, but it does not have enough 'grip' to hold the track in place - I wound up using track nails or the longer M-E spikes.
Jim