RE: what type of paint to use on monocote?
I agree with Walter.
I've actually used laytex paint. Though it doesn't stick very well with out a primer.
In your hardware store, look for "plastic primer". Rustolum and Krylon both make it, I've only used the Rustolum brand. It really works wonders.
Laytex paint is pretty good if you let it dry for several days. I usually clear coat it anyway to keep it fuel proof.