Dan,
I just recently did my first molds in resin and here is what I discovered. I bought from Micro-Mark their "Complete Starter Kit." $65 US. It included their One-to-One rubber mold liquids, their Cr-600 casting resin, mold release, Kleen Klay, and mixing set with brushes, mixing containers. I mixed up too much resin the first time and had to waste it. But I was very happy with the M4 road wheels (two of them) that I molded. No air bubbles or other problems except that I tore the mold trying to get one wheel out. No big deal though as I think I just needed to cover the area better with casting release spray. Here is the link: http://www.micromark.com. Use part number 82698. The silicone mold material is an A & B liquid that you mix in equal parts, stir and pour into your mold box or mold holder (no heating or anything-very simple). I used a bass wood box and had some leakage but no big deal. I left it over night to cure, but the directions say a 4-6 hour cure time. Note: I did not make a full mold (both top and bottom) as the wheels were going to be attached to the tank and backside detail would not be seen. So I just embedded the wheels a little deeper into the silicone. The casting resin is a 7-minute pot life (it stays liquid for that long) so you have time to mix, pour, etc. It is an A/B liquid as well, mix and pour. Also, their were no real fumes from the resin, as stated on the bottle. I let the mold sit for about 45 minutes (the directions say they are ready in 30 minutes) and pulled off both sides of my silicone rubber and the parts looked good.
Now their are a number of other types of resins and silicone molding materials, but I cannot speak to their use. I used the same technique (mold making and process) that Shepard Paine outlines in his book, How to Build Dioramas. One type that I'm thinking about trying, as it is less work than building a box, etc. is to use a RTV Silicone putty that Micro-Mark sells (part# 81853). It's a mold putty that you "press the putty around your pattern. After 5 minutes, remove your pattern and your mold is ready to use. Fill mold with resin, plaster, wax...anything." This sounds great, and for wheels and generally small parts this might be a great way to do it. I also disovered that if you are molding parts with deep undercuts, micro-mark recommends their Ten-to-One High Tear-strength rubber (#82663). It is more durable and last longer with repeated castings. I hope this helps and please share as to your success as I would love to expand this process as I am very pleased as how easy it is to complete a mold and casting.
Dmod