I have been using the stuff since the 90's...it's what I know, so I stick with it. Started with the rattle cans, but now just use the airbrush.
To address your question regarding "extra prep work" (seams, filler, etc)...I stay away from putty. I'm not real good with the stuff and have a hard time getting a perfectly smooth/polished finish out of it. Instead, I'll use plastic (as filler) along with CA...this can easily be sanded smooth and polished, to match the surrounding kit plastic.
Back when I was using rattlecans, I discovered that is I "primed" a few individual panels, I could spray just one "color" of metallizer, and those "primed" panels would have a different texture, which led to a different "color". Neat little trick! These days, using the airbrush, I just use several different shades....and only on bare plastic. I do seal with Minwax gloss lacquer (a quart cost about what 2 little bottles of "Metalizer sealer" costs...) thinned with store brand lacquer thinner. Once sealed, I'll mask (Tamiya tape, de-tacked by sticking it to the palm of my hand a couple times) and spray any other colors (anti-glare, tail bands, ID colors, etc). Having it sealed makes unmasking way less scary, as the Metalizer peels pretty easy....much less so when sealed. After decals, wash, etc...I do flat coat, then buff with a soft cloth to bring back just a little metalic sheen.
This one here is a rattlecan job from about 15 years ago. You can kinda see the difference in tone on the wing panels...the odd colored ones were primed, while the others were left bare...spraybombed the whole thing with "aluminum plate"...
More recent (last year)...airbrushed several shades...sealed...dull coated and buffed...