Hi Georges,
I've used this setup on my F-84G.
The blancket is wrapped around the pipe and secured with a few dots of high temp ceramic adhesive from Cotronics:
http://www.cotronics.com/WEB%20SHEETS/940HT.pdf
The lap over area is sealed with a 1" high temperature aluminium tape:
http://www.mcmaster.com/#7594a8/=5l7ie1
That is bullet proof.
Note that you can get 15 m ceramic blanket rolls from Mc Master Carr for a very cheap price...