Hi David,
I used Revell aqua colour paints and Ecos varnish. Ecos is a domestic environmental water based varnish, and I have had no problems. I always use Ecos for all household diy painting as it doesn’t smell and upset SWMBO. Any domestic varnish and paints could be used, but I do find the water based/acrylic do keep the colour better. i.e the white does not yellow.This purely my personal preference, others will probably disagree.
The problem I have had is controlling this yacht, on the water. She has a mind of her own!
I am now building a Veron ‘Police Launch’ using the same method for covering the hull. i.e. balsa covered with tights. After covering I applied a couple of coats of varnish, finally trimming the tights off at deck level when the last coat was dry. The hull can be finished to your prefered choice.
Regards, Tony