ORIGINAL: Redback
If you use Ultracote check it with your paint first.
I have had Ultracote cause some types of paint to blister. Think it may have been acrylics but not sure.
Terry
I have found that Lustercote too is unfriendly to some finishes. "Test first." is good policy.
It would be helpful to know what kind of material we wish to coat in order to prevent "wrinkling and peeling".
jess