Allow me to redirect you to this thread where we discuss strength of your armor vs practicality.
http://www.405th.com/showthread.php/39785-Paintball-Armor
If you really really want to learn from this you should try both and note your experiences... and perhaps share it with this amazing community?
Thing is, I didn't know what to use either, I didn't even know if i wanted to use Rondo or go full fiberglass until I tried. I like both so I use... both. In one piece.
I actually "came up with" a new substance which is unnamed, but it's Resin, Body Filler, Ash (from BBQs and burnt stuff), and ground down paper.
It was my attempt in recycling materials, because I had a lot of old school papers so instead of putting it in the green bin I soaked the paper in water and melted it down and turned the paper balls into powder with a blender.
It'll double/triple your material volume, and cut down on cost.
Remember to add water so it properly paste-ifies so it's applicable.
That's my take on paper mache... type stuff. Think about your philosophy of use before you go one way or another. If you want to walk around with it you should use fiberglass/rondo and if you're going to put it on a mannequin or hang it on a wall you can do anything you want... ot paper mache because I'll assume it's easier.
Remember, you need to screw up to learn, and every project calls for a different method, and different skill set. You should experiment to see what you like.
decoding a bunch of thread replies can be hell... TBH I haven't read all of the tutorials myself...