I've used it all and in the end, its a lot of fun, gives great character to the shafts and helps the feathers bond and makes arrow flight easier to read, and recovery of shot arrows easier too.

I like using white Gasket Laquer, enamel paints on top of that I believe works, and then using Duco to fletch (or better to use fletching tape)

But ...... I sure like arrow wraps nowdays especially for carbons. You can use color pens to "crest" them, and then use fletching tape and voila! you have a durable crown, good looking crest and the bond of the feather to shaft is almost unbreakable.