I brushed mine on a spinning lathe which seemed to work i dont think it can be dipped but it can also be sprayed aslong as you thin it down, and i did four applications but the instructions only say 3 is neccesary, mine didnt buff aswell as a clear coat cue but it was my first time using but it still got a reflection in it, i would say for the buildup its probably not asd thick as clear coat but still has a thickness and they company claims it doesnt yellow at all and also is impact alcohol and solvent resistant, and it comes in black white and clear, but the best bit was it only takes an hour till you can apply your next coat then you leave it for 24+ hours so i did a whole cue in a day with ease,
http://www.rustins.co.uk/PCoat.html
Thanks joel