ORIGINAL: devinatoraviator
Fiberglassing is a long process and although it adds strength it also adds a lot more weight than plastic covering. I would go with monokote as more than likely you don't need the extra strength. For covering I would go with towerkote from tower hobbies though because the price is much better and personaly I believe that it covers better than monokote.
no not really, its quite easy and you can glass a plane using water based polyurathane, so the resin isn't that expensive at all, use .56oz cloth to keep weight down.
that being said your little plane there is pretty small to be glassing, it can be done just make sure to keep it light,if you want to read about glassing with water based products and scale detailing take a look through this
http://tompierce.net/rcplanes/index.htm the SBD Dauntless thread covers alot of information, the FW190 has some cool stuff as well.
I encorage all who are interested in glassing there models to read it, using water based materials is a light weight, and easy way to finish a plane, Tom also outlines his widely used methods, some examples of water based glassed models, using Varathane diamond finsh water based poly and light weight fiberglass both models are entirely painted, no stickers .