One word of caution about a detail that lots of modelers (including some well-known ones) seem to miss. The width of the boot topping stripe is, in most ships, not the same width throughout its length. The width as viewed from the side of the ship is constant (i.e., the top of the stripe is just as far above the waterline at the bow, amidships, and at the stern), but the linear width of the part that's painted black varies.
The amount of variation depends on the shape of the hull. The hull of an Essex-class carrier, for instance, overhangs the water at the stern. The boot topping stripe is almost twice as wide there as it is at the bow. (This is a little hard to describe verbally, but if you take a look at a set of hull lines for one of those ships you'll see what I mean.) In a Fletcher-class destroyer, on the other hand, the cross-sections are such that the sides of the hull form just about a 90-degree angle with the waterline throughout the ship's length. You probably could get away with making the stripe on a Fletcher the same width from bow to stern, but if you tried that on an Essex the line would be almost invisible toward the stern when you looked at the model from the side.
The only way to be sure of getting it right is to mark the waterline with some sort of gauge (there are several on the market) that holds a pencil or scriber at exactly the same height while you run it around the ship. (You can also use one of those new-fangled laser line projectors, but the lines they project are pretty wide for the scales on which most warship models are built.)
I remember seeing, in FSM some years back, a model of a Liberty ship on which the builder hadn't paid attention to this problem. He'd apparently laid down a strip of masking tape (of constant width) lined up with the waterline (which, I think, was marked on the hull by the manufacturer). The final result was that the top of the stripe had a pronounced hump in the middle.
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