Mark,
I have found that polyester doesn't soak in and stay soaked in very well with most woods, but it is probably good enough for toy boats.
Also, my info is backed up by none other than Dick Clarke of Lake Tahoe, who uses epoxy to glass the bottoms of wooden boats, as lake Tahoe boats need that protection. He says polyester doesn't soak in enough and lets go easily and so uses epoxy, but only with a glass cloth that has been treated to suit epoxy, which "normal" GRP mats and cloths do not. He, of course, will have experimented with all sorts until he found a combination of materials that do the job he charges a lot of money for!
I have never used the model GRP systems as they are overpriced, being small amounts. I wouldn't know if the cloth is treated for epoxy or more suited to polyester as I never use it. My experience is only with WEST or SP epoxies which I am quite happy using at normal viscosity. In fact the WEST technical rep turned his nose up and warned me that they were not aware of the effects of thinning, but at that point (about 2006) they had not investigated the subject. I wasn't likely to upset him as at that point he produced a 25 litre drum of the stuff gratis as their sponsorship of our restoration of an historic wooden canal boat. Now, everyone talks about thinning it!
Martin