I voted 21st Century Coverite fabric because that's what I've used with great success. You'll hear all different opinions.
I'm getting ready to cover a plane. For this one I'll be going with LiteFAB from Nelson Hobby.
www.nelsonhobby.com
I've used Nelson water-based paint in the past, a great product. Jerry Nelson does everything right for both RC and full scale aviation and I'm looking forward to trying what he brands as LiteFAB.