Presently, waterways and everything ship related can be placed on the Vulcanus lava. I wouldn't be surprised if this also works on Fulgora's Oil Ocean, but I haven't been there to try.
From my personal experience in my playthrough, this is actually really fun! I'd hate to see this get completely removed, but a ship with a tungsten hull and more lava-y VFX would be very enjoyable on Vulcanus.
And the other thing that seems more like a bug. If you place a ship on anything but completely straight rails, it just...doesn't spawn with an engine. I think that's what is causing it? Or that seems to be the most consistent culprit. I haven't done much testing on that but it's absolutely infuriating. In any case, thanks for making this awesome mod!