I used the stits system years ago to cover the bare wood on the sides and belly with good results but If I had it to do over I would go with the current method described ie. glass and epoxy over wood. My reasoning at the time (1983) was to save weight. I just tacked the 1.6 oz. Dacron cloth around the edges and then heated it up with an iron to tighten it up. With a couple of coats of polybrush, it was ready for paint. It's held up fine ever since.
-Joe