I just finished my first model, using "Mr. Hobby / Mr. Color" acrylic laquer, air brushed with Mr. Hobby Levelling Thinner. I was highly pleased with the ease of application and hard, glossy final finish. I used Mr. Hobby 1200 gray surfacer, from a rattle can, as a primer. It's good stuff, and I highly recommend it.
I believe I have found a new standard to replace Model Master paint.
Toodle-Oo, Testors!