I was wondering what type of covering you think is the best, I am guessing either Monokote or Ultracote. What is the best?

Over the years I've tried almost every thing. If you don't mind the l plastic look of the films, my vote would be for Ultracote. Why? Because is't a softer more rubberier material that stretches around compound curve much easier than Monocrap:-) I like the fact if uses less heat 250f, almost no such thing as a wrinkle you can't get out with ultracote. If you need to remove it a few years down the road, heat it and it comes of in one piece unlike monocrap that is more like string cheese.
If you don't mind the weight, 21 century fabric looks real nice, more like paint. But I've had many bad rolls of it over the years. Color that come off on you cleaning rag, rolls with out adhesive on the back, rolls with the backing on the front side thats hard to remove. Whites and Dark reds have given me these probs.
I know there are many out there that like monokote so less here what you have to say. Blotchy sun spots, haziness and stretch lines?

3D'nPat,
i guess it would be an understatement to say that you have some pent up rage with monocrap.
i do understand it though, i have had many problems with monocrap. it is more like burnt string cheese on an oven door.

i am switching to ultracote for my freestyle i just bought.

ultracote is great!

There is good and bad points to both ultra & mono coverings.

Ultra is easier because it does go around compound curves, has a higher shrink rate & it is easier to put one color over the other. However the glue activation temp is the same (LOW) as the shrink temp. In other words, hit the covering with a heat gun and the edges will pull loose. When you go to re-shrink or get a little aggressive with the iron the seams will pull apart. When covering with Ultra, it is best to put one color over the other. With Mono it is best to join the colors. Ultra also does not have the opacity or shine of mono. You can see wood, blemishes, and other colors through ultra covering.

Mono, what can I say, tough to work with, not easy putting one color over the other. (Windex works well if it's not a compound curve) If you can work well with it, you will end up with a better looking finish when you are done.

Generally, I like to put Ultra on my smaller less expensive planes and Mono on my bigger ones. Just my preference.