Hey there Walt,
In my opinion, the DAP filler is way too porous for use with the fine pigments and thinness of modeling paints. It works well for it's intended use and wall paint, as you know, is very thick, and heavy enough to cover it up.
I have used the "lightweight filler" type on my balsa R/C gliders, and had to put a LOT of primer over it to get a smooth finish. Also, the general thickness of it doesn't allow it to completely get into the fine cracks that we find on models. It also doesn't stick well (or at all) to plastic as it is a water based product and doesn't create a chemical bond with the plastic. If you
could get it to stay in a joint, it would probably fall out over time unless you had a ton of paint on it to hold it in.
I would stick with the fillers from Squadron or Tamiya (which I hear is better).
stinger