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What he said. You have listed my top two most useful modelling materials, but they are for completely different purposes. Plasticard will be your best bet for model conversions. If you're having trouble with shattering or snapping, try multiple layers of bent pieces of a thinner thickness. Or try your hand at the boiling water/hot salt/etc methods to make shaping a little easier.

As for your paint range question, try this: http://www.dakkadakka.com/wiki/en/Paint_Range_Compatibility_Chart

Where in the US might I find this mystical material? Sounds interesting. Is it very expensive?