Been done already in R/C soaring and free flight. Investigate spray can stencil ink. Spray your balsa parts lightly after cutting them out and before assembly. Glue will still penetrate the balsa, but use glue sparingly. Like you found out, everything has to be prefitted and sanded, or you sand the colors off. Not widely seen because of the extra work involved for what most perceive as an underwhelming effect.
Type at you later,
Dan McEntee