I just finished taping my first plane and I think it actually takes more hands on time than it does to ripstop it after you have the hang of ripstoping. It is nice to not have any drying time required though. I've got an identicle plane I plan or ripstoping and comparing the weight gain from covering. I think the tape job might just be heavier! I'll know in a week or so!
Ripstop is very tough stuff! I'm anxious to see how the tape job holds up.

The plane is a redesigned SSC Corsair. Got it down to 2.75#. Can't wait to test fly it tomorrow!