As a Stagehand I've tried it...it works good if you have a powerful light or better...a UV light to juice it up. Search Stagecraft supplies for the real deal Glow Spike Tape. There are better alternatives....visit the Night Golf club for my tutorial on Glowing your discs.
Jesse Cahill had some really nice "glow" tape I tried out last year.....attached to my esp zone and esp banger for "bark at the moon" last fall. Pleasantly surprised by how well it held a charge using my LED UV flashlight throughout the event. Also happy with how well it stuck to the top of the disc. I believe he ordered it online. not sure where though, I'd ask him....
I'm a tru k driver and we have to put d.o.t. Tape on the sides of the trailers. I never thought of using it on a disc until I read this thread. But that stuff glows lime crazy when headlights hit it, so I'm sure it would glow well when a flashlight hits it.
the thing is if you dont see ware your disc goes you could be searching for it for a while. there is also a type of glow tape duck tape brand makes it it has a strip of glow and two strips of reflective material on each side of the glow strip.