I am not a certified asbestos abatement contractor, but I have factory training from Ardex Engineered cements. I will share the information I received on the removal of cutback adhesive
cutback adhesive over concrete
Asphalt-based cutback adhesives remaining on the floor after removing old vinyl tile and other flooring represents one of the most difficult and risky substrates for the installation of new flooring. Bleed-threw of the cutback adhesive residue can adversely affect the new adhesive and floor covering being installed.
Complete mechanical removal of cutback(i.e. grinding, sanding, blasting) can be hazardous, as old cutback adhesive may contain asbestos.
DO NOT SAND OR GRIND ADHESIVE RESIDUE. HARMFUL DUST MAY RESULT Inhalation of asbestos dust may cause asbestosis or other serious bodily harm.
Please consult the adhesive manufacture for rules and regulations concerning thr removal of flooring and adhesives that contain asbestos.
Floor covering manufactures, the resilient floor covering institute, and ASTM F710 specifically recommend against the use of solvents and adhesive removers to treat adhesive coated substrates.Residues from there use have been sited as contributing to numerous floor covering failures.
Specific Ardex underlayments can be installed over a thin layer of cutback or other non-water-soluble adhesive residue. Since the weakest link in the system will be the bond of the adhesive`to the substrate, it is important that the adhesive be very thin, firm and have a good bond to the substrate.
Thick accumulations, powdery, brittle or otherwise weak adhesive layers must be removed, but only with extreme caution. Use the wet-scraping method as outlined in the resilient floor covering institute's "Recommended Work Procedures for resilient floor coverings" to remove thick areas that are weak and not well-bonded to the substrate. The remaining residue should appear to be nothing more than a transparent stain on the concrete. Wet mop the substrate to remove all debris and loose material.
I would be very skeptical to apply an Epoxy over cutback as an Epoxy overlay would need the concrete substrate to be sufficiently profiled.
If you want Epoxy as a finish floor the project needs to be done right. The asbestos abatement contractor is not concerned, and probable is not knowledgeable with the procedures required to bond the Epoxy to an adhesive covered concrete substrate.
If you do not want to deal with chipping, pitting and delaminating Epoxy. There is a way.
I would recommend a self leveling concrete overlay. Specifically an overlay designed to be installed over asbestos tile. No tile removal from a very expensive asbestos abatement contractor. No dangerous dust to deal with. Install finished floor covering in just hours. Ardex K15 would work as an underlayment over properly prepared adhesive residue. Want more information on Ardex self leveling underlayments, please visit this website.
http://www.signature-concrete-stain.com/ardex.html.
Ardex LU 100 would be the product to install over VCT The product can be viewed at here.
http://www.ardex.com/cms\Assets\Products\Documentation\ard-lu100-tech-us-e.pdf