RE: Whats happened to Monocoat ?
Yep your friend is right.
Monocoat now sucks. However there are still hard core fanatics that continue to swear by it.
There are also people that don't drive cars. I'm not one of them.
It (moneycoat) does come in a larger selection of colors, but if ya can't get it work right (like you have discovered on your own) what good is a large selection of colors that you can't on your plane without a huge amount of extra work.
In short moneycoat just ain't got it no more.
Ultracoat, is a far superior covering even if it costs little more money. Try it you'll love it.
Now you may not be aware of it but you've gone and opened up a huge ole' can of worms, hold on and you'll see what it is of which I speak.