Ugly!? Heck I was gonna mention "it's a good lookin' plane"

If I were buying the stuff:

2 rolls of Ultracote.... or more depending on what scheme / colors you are going to use. But it should take 2 rolls.

box of 100 blades. You'll only use maybe 10 or so, but the box is cheaper per blade..... and you WILL use em'

I get by with just an iron, but a heat gun is helpful and probably helps acheive more professional looking covering.... maybe

I would highly recommend getting either a infared point and shoot pyrometer (tempature' gun) if you have the cash, or a cheap little thermometer just for covering irons. You can get them from Tower or whatever just for this purpose. In my experience the numbers on the iron don't mean squat and I like to know the temp rather than "crank it up till it shrinks"

Also I would highly recommend an iron sock. I don't really have a problem scratching the covering when I DON'T use one, rather I end up scratching the teflon off my iron. NOOOOooooo!

Everyone has thier favorite covering... But that Ultracote is some nice stuff!