Mike, Did you buy your car new? if so, then I won't argue with you.. but I can assure you from having scraped it off the bottom of many old chevys, 25yr old undercoating is HARD as a rock (unless it gets soaked by a solvent like gasoline etc). That 'lumpy' crap on the lower portion of your gas tank doesn't look like any 'paint drip' I've ever seen; paint runs and drips off and doesn't lump up like that. Undercoating is much more likely to lump up.
....Scrape some off and do a test .....?