Although there are situations where solvents add utility to a floor coating, odds are in your case solvents add nothing of value to your project other than increased profits for the manufacturer. You pay for them, apply them, and they evaporate - **** - gone. What they can leave behind are small, hollow, tunnels in the coating. Tunnels that can trap spills and weaken the coating (think of a solid piece of wood compared to that same piece but with holes drilled throughout).
Also, is it 1 coat, 2 coats, or 3 coats? What's the final dry film thickness? It sounds like your coating may see its fair share of punishment, be sure to apply a system that's up to the challenge. This is a home improvement project you don't want to do twice.
The water vapor test is simple, tape down a piece of 3' x 3' plastic to the floor, leave it for a couple of days, and see if any moisture is present on the floor or under the plastic. If so you may have hydrostatic pressure - not a deal killer, but something that merits further investigation.