One of the problems with water based urethanes is that it isn't tacky so it really doesn't stick stuff down real well. I've used it to attach paper over sheeted sections and it's fine on flat surfaces, not too good for curves or tips.
Others have used thinned white glue and heat, Stik-it adhesive. Even Carters paper glue was used at least once. However nothing beats dope, as much as I hate using dope there is no real substitute that I have found that I can comfortably live with.
Now plastic covering is a whole different ballgame. Cheaper then dope, faster then dope, shine without real work, and total repairability. it's almost perfect. However I doubt that you will ever get a 20 point award at the nats. But I wonder what would happen if Faye Stilley took a shot at a stunt model and entered it in toledo.
For those that don't know he won the best monokote award more times then anyone else. His coverings are works of art.
dennis