Thinned T2 should work fine for PM and provide waterproofing too ... common newspaper would work just fine , but common Kraft paper should work better , being uniform , and slightly shrinking a bit as it dries providing a nice tight surface ... Gluing paper to foam works well the porous paper drying from the outside in... I always had the idea in the back of my mind to cover a Foamie with the Funny papers , colorful , amusing , and providing a somewhat camo effect when seen from a distance ... I like Eagles patchwork interior , which could easily and quite successfully applied to the exterior ... more a cloth mache’...
Once dry , you can easily sand the surface smoother if desired ... then primed and sanded, painted , producing a “float” like finish ...
Speaking of Floats , when I graduated from HS , I was offered a job at Blaine Kern, the major float builder here ... a dollar an hour and I could work as many hours as I wanted

... I declined , but have known many starving Artists resorting to float decorating for a means of survival ... Even my buddy Vincent who is an Italian trained sculptor (now guitar manufacturer) worked for Blaine ... And if anybody wants to consult with him (he was their lead #1 painter for some time ) I can provide that information .
