ORIGINAL: mr_matt
I know it is not latex, but Tom Pierce does a nice write up about water based polyurethanes on his website.
http://www.tompierce.net/190/html/paint.htm
I am too chicken to try this water based stuff, but after having a new baby these safer alternative are looking attractive.
Yes, Tom used Warbird colors which is sold by Chuck Graves, great guy to deal with. I painted my DF BAe Hawk with this stuff and it is the best alt to Latex. Its pretty much a waterbased acrylic. You add a crosslinker, much like Nelson Paint, and it becomes fuel proof to 15% nitro. The paint goes on really well and can be sprayed or brushed. Very good stuff and a very reasonable price.