I came across a covering offered by Value Hobby called Neucover it is sold in 5 meter rolls for $12.99 per roll. My question is has anyone tried this covering? At $12.99 per roll it is tempting to try.

Sounds like the covering from Hobby King and it's outstanding. I have only used the yellow though but I ran it through my normal testing after I covered my first plane with it. I sat the plane out in the hot Vegas summer sun for an hour and it didn't sag or wrinkle. It goes on with a much lower temp then mono or ultra. If you get any glue squish when you press down on the iron ignore it, comes right off with a rag and a splash of acetone.
I went from mono to ultra and now I'm sold on this stuff. We just call it Chinacote and it's sold through the HK USA warehouse. Sounds like Value is also selling it, same price and size, 5 meter roll.