I also used drylok on a much larger project:
http://www.cichlid-forum.com/phpBB/viewtopic.php?t=103294
Mine failed about a year later, but that was because I was walking around in the tank and broke the silicane seal on the bottom back :x
The drylok was not the issue , it was completely my fault.
Be sure to liquid nails the hardi panel on all sides and the bottom, making sure you use heavy weights to hold it in place while it cures.
If I were to do it all over again I'd liquid nails the bottom in place, let it dry.
Then install the sides siliconing them to the bottom. After that I'd do everything the same.
Just make sure you get the drylok on all the edges of the hardi pannel in order to seal it good.
Also, don't do any siliconing until the drylok fully cures after a week.
I currently have three drylok directly on plywood tanks, the largest being a 110. All are doing well and are in service still with no problems. I do not reccomend drylok directly onto plywood, these are test tanks.... as I've got floor drains
Again, my tank is 800 and did great for a year sealed with drylok untill I decided to be stupid and go for a stroll in it.... The thread I linked goes through every method I used in detail....
Also... your paroon sharks will eventually out grow your tank as they get massive...

So I'd say tank mates are out of the question!
Check this out:
http://www.planetcatfish.com/catelog/species.php?species_id=268