Hi Ray,
No, nothing is wrong with your method! In fact, I think it is the best method for CL A/C. There are many people already using your method, and I think there will be more in the future.
I know you will get MANY letters from all the traditionalists out there who demand that we all use the 70 year old fashioned method of using dope fumes and tissue if we want to be "real" modelers!
Monokote is stronger and lighter than the covering job done by all but the very best CL painters out there. Most of the area of our planes is in the wings and tails. You will save weight by using Monokote in these areas, even on your Super Duper CLPA plane when you build it.
For your fuselage, I highly recommend using the Monokote paints. They match the film colors very well, AND IF YOU FOLLOW THE INSTRUCTIONS, they are easy to use and work perfectly. Here is a link to their web site with instructions and tips:
http://www.monokote.com/lustrekote/lustrekote.htmlI have used their system with great success. But it is very important to use THEIR undercoat before painting. If you are extremely knowledgable about painting like Mark and a few others, then you can substitute, but for the rest of us I would stick with using their products only. Here are a few tips I have learned from others that help a lot:
1. Use THEIR undercoat before using color. Don't skip this important step!
2. Keep the paint real warm. Heat the rattle cans in hot tap water before using. I store my cans in a cut down clorox plastic bottle filled with hot water before and during painting.
3. Shake well. Like until your right arm falls off, then shake in your other hand until that arm falls off! ........ And keep shaking between coats.
4. Adhere to their time to dry recommendations. After your all done, let your plane dry at least several days before flying. ....... I go a week or more here at the beach, but only one hour is needed in LV during the summer!
5. Their clear coat is easy to use and works great!
6. Don't believe those who bad mouth this product. Every case of having a problem stems from NOT following the directions and/or mixing different products. ..... I hate painting anything, and I am "paint challenged", but when I have to paint something even I get very good results with this product.
With the above said, there are many great products out there (Jerry Nelsons paints, etc.) but I was trying to keep within the constraints you laid out in your post; Ease of use, inexpensive, no air guns, etc.
Good luck with your next project.
Regards,