Well, I started covering the Ringmaster Deluxe last night with this stuff Coverlite. One of the things I didn't consider is that you can't overlap it unless you re-coat the edges with Balsarite. Not a big deal so far.
All I can say it, it ain't Monokote. Odd stuff. It shrinks lengthwise pretty well, but not much crossgrain. Have to be careful that it's a bit taunt crossgrain before tacking it down. Blends nicely, though and you can paint it with dope alright (so far it seems to work anyway). We'll see what it looks like in the end.