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I guess it depend where you are. Here we have people doing this all the time. Cheaper than paying the bodyshops. Most people do not seal or caulk the seam of the metal afterwards.
Think about the metal today that is used for replacements are now being sold with glue that you put the replacement panel over the area and it is glued to the surface then some bondo and and paint it is done.
I find I don't like that mthod, but a lot of people are doing this to make their vehicles look good for selling.
Rezvani's Latest Post-Apocalyptic Monster Is a Ford F-150 Raptor Underneath
Slideshow: Called the Fortress, the 850-horsepower pickup combines Raptor underpinnings with military-inspired features, survival equipment, and a starting price of $285,000.