But the nozel in kevin's pic looks much narrower
OK, I understand now. The thing is, my nozel is about 1/2 inch thick but it does not extrude a nice paper thin ribbon of the adhesive. It is much thicker, and the adhesive itself has a fairly low viscosity so it flows easy and quick. Kevins nozzle looks like it may extrude a thinner bead, but I envision still using the paintbrush to spread it around. My applicator could never be used to apply the adhesive directly to the fabric(for small seams) – way too much at once. That said, I've never used the nozzle Kevin is referring to, but I will be ordering one this week as it looks like the ticket.
Regarding the calculations. I looked over the spec sheet for the Hysol adhesive but it is really all over the place. Shear strength depends on all kinds of factors including current temperature, material it is bonded to, curing temperature…etc. The lowest number on the sheet is ~215 psi stated on bonding to pieces of nylon. It can go as high as ~1500 psi when bonding sandblasted aluminum. For me, this is plenty of strength for a tarp…and obviously overkill for this stuff sack :). If you need more strength, design your joints accordingly.
As for tarps, I haven't made any, but I have mocked up several seams to see the strength capabilities of each of the adhesives.
Here is my tarp tie out. I cannot for the life of me pull the stake loop off. I circled the area of failure. This is right outside the reinforcement area and actually rips the embedded cord inside the cuben laminite.

Below is an edge seam that you would find on a typical tarp. I think it may be called a french seam? Basically folded twice so that none of the cut/rough area is exposed. Bonded with the 3M tape and peeled back after about a week. Maybe I'm not using the 3M tape properly or maybe it's my superhuman strength due to my buff physique…either way I won't be using it again.
And here is a simple joint using the Hysol adhesive – one I would perhaps use on the ridgline to attach 2 pieces of cuben. The joint is in shear. There are no folds or anything fancy…this cannot be pulled apart no matter how hard I try. The material will fail first.

Hope that helps!