Nightstalker,
I am in the process of recovering my CG Eagle II.
What I have learned from this process is:
You may be able to cover a plane with just an iron, but your not going to uncover it without a heat gun!
It's a slow tedious process and will require sandpaper and acetone.
Also, don't even think about recovering it with a transparent color.
Good Luck,
KW_Counter