Just an update that I reinforced the knees on Saturday with both the aluminum and FG repair kit. It appears to have worked great as the knees are extremely strong now. Here is what I did:
1) sand all of the gel coat / paint from the backside of the knees (make the sanded area at least 1.5 to 2 inches wide)
2) take 1/8th aluminum flatbar and bend in a vise with the armor for reference. Take time on this to make sure that your curve in the flatbar is the same as the knee armor
3) prepare the FG cloth, cut strips into 2 inch long pieces - it is hard to work with longer pieces
4) clean the sanded area on the armor with rubbing alcohol
5) mix your FG epoxy (little at a time as you can always make more)
6) saturate the cloth and place on the armor, then work any air out - repeat with other strips by overlapping until complete area is covered
7) apply a healthy dose of epoxy onto the aluminum bar and the repair area
8) insert the bar and clamp in place - allow to dry (I waited 24 hours just in case)
This procedure worked great for me and I feel confident I should not have any further problems - unless I do not handle the knees carefully 
BTW - I did the same thing on my gauntlets (minus the aluminum flatbar) and it appears to have worked well. That is I reinforced them with FG. The most important thing is to make sure you use a COLD CURE epoxy. This epoxy takes a lot longer to cure but it does not create heat. With regular epoxy you may melt your gauntlets due to the chemical reaction (also the rubbing alcohol could melt them too - I think)
Thanks again for everyone's input
Loranar
