This will not work for what the OP wants to do - which is change many entries within /etc/vfstab - you're just passing some static string to the sed. Also, the backslashed escaped slashes, whilst legal syntax, make the sed expression hard to read - replacing the delimiters with "!" (or anything else) increases the readability of the expression.
I must recommend http://www.selectorweb.com/sed_tutorial.html
It was a big help for me when I was teaching myself how to use sed. The original question has been answered but I believe that the sed tutorial is a good resource for continuing education.