Here is what I did, and I was happy with the results. First, remove the controls, drill all holes, (gear and engine) and build a tank mount. I notched the fuselage so the bellcrank would be flat, not with little ears pointing up. Lay the wings aside, and add them after you have finished the airplane.
Brush on enough coats of clear and sanding sealer, and sand between coats, so the cedar is well filled, and the stab /elev is decent. Don't even think about the Leonard approach of covering anything with silkspan for a quick and dirty finish. I maybe had five coats total. Use Brodak for minimal time between coats for sanding. Don't bother with 600 paper, just 400 wet.
Now, go back to Leonard's approach. Spray on a couple of coats of Brodak Polar Gray, sanding between coats. Doesn't take much time, and really makes a good base. I used my compressor, but no reason the aerosol thing wouldn't work. You are sanding most of it off anyway.
Have your Big Strong Handsome Wife hold the plane, and spray on a couple of coats of Krylon. With a good base, it will shine quite well. We don't care about the extra weight of Krylon, because we are painting a smaller area of the model than normal.
No clear over, and strip decals. Bolt it together, epoxy on the wings, and you are done.