It should work, so long as the fire gets to the sprinkler head before it gets to this bomb.
Fire sprinkler heads normally cover 100 square-foot areas and any fire in an enclosed area will cause a curtain of heat to rise up the walls along the ceiling and trigger the head before the temperature in the room rises 15 degrees overall.
Even if one took a cutting-torch directly to the tank while in the room the sprinkler would go off and drown the silly-ass trying such a stunt long before he could heat the tank to raise the pressure to a critical point.
An 80 degreeF temperature change on a car tire will only result in a 5PSI change.
If what you suggest would be a concern, a simple 16gauge metal cabinet around the assembly would shield quite effectively.