I recently recovered an S-1 Ringmaster with it. I couldn't get any BalsaRite or BalsaLoc locally, so I stuck it down with Ambroid / Sigment type glue, pulling it as taught as I could. Then after it dried I shrunk it with the clothes iron and hair dryer in the hotel room.

Doesn't have a lot of shrink, but if you get it on smooth and wrinkle free it will tighten up pretty nice. I like the semi-transparent look when done, reminds me of silk and dope.