"Balsa Filler Coat" was a product sold by Aero Gloss many years ago. It was not a sanding sealer, per se, but more of a commercial blend of our homemade brew of clear dope and talcum powder. Personally, I found it to be a waste of time and money. Others' "mileage may vary".....
IMHO, the best actual Sanding Sealer for modeling use was the old Testors brand, but it was Nitrate. Used it on a series of FF Gliders, 1950s-60. Most newbies won't remember that stuff.