Balsarite for film isn't a glue (unlike the original Balsarite that you use for fabric coverings), but more like a balsa conditioner. It hardens up the balsa surface (but not as hard--or heavy) like epoxy. It is also a fuel proofer, so maybe is a good choice around a fuse or anything that you intend to cover with plastic covering material.
Any the hardened balsa surface does provide a nicer grip for the plastic covering adhesive, but as Charlie Bauer use to tell us in his monocote covering demo---he never used anything other than monocote. He did say tho' that you want a nice smooth dust-free surface.