Ok but from my experience, several lighter coats is more advantageous for a beginner and structurally sound for the material. You'll get more slumps and sags doing it in one thick coat. You also run the risk of crazing and/or cracking the face due to the surface setting before the rest of the coat has dried and resultant movement of the underlying coat ensues surface deformation. Kind of like overspray. Overspray is the fine paint of whatever you're using drying in the air before they hit the surface. A technique I was taught was to lightly spray thinners on the over spray which will melt the overspray into the coat. It's easy to put too much on and fu#k it up so if you've not tried that before, give it a go on a sample piece. Once you get the hang of it you'll be pleasantly surprised.
I'm not knocking your method as Everyone has their own way of doing things and whilst I have done it this way before, you really need to know how to read the material and you only get this through experience and the right gear.
I assume you have the experience Delfin so this may work for you which is great but Bruce has not done this before so IMHO I think it would be better for him to do lighter coats as opposed to doing one thick one.
As for the airbrush idea, you would really need to thin it out so you would need to apply a fair amount of coats to get the required coverage.
As for no masking tape ... Hmmm i don't see the advantage of spending an extra couple of hours buffing, polishing and cleaning everything in your vicinity when you could tape it up. Sure you'll get a paint edge but this can easily be fixed and blended.
I know it seems that I'm picking the sh!t out of your suggestions so please don't be offended. It's not my intention to offend you or pick your suggestions to bits. I just have a fair bit of experience in commercial 2pak spraying and am sharing my learnings from previous failures.
Whatever you choose to do Bruce, I'm sure it will look lovely!
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