I go for one piece, I iron the 'coat down thoroughly on both the trailing edge and the flap, and then I spend the rest of the life of the plane touching it up when it pulls away.
I suppose that if I were smart I'd prep the wood with one of the 'coat adhesion enhancers (Balsa-rite?) beforehand, but I'm never trying for a show-winning finish when I'm covering with 'coat.