i havent used fix-it clay epoxy, but ive used ACE's version of the same thing.
to give you an idea of how fast it dries, and how hard it gets (strong), listen to this.
fist off, i have used it on fin fillets, and it's very easy to get beautiful, smooth fillets, and id be willing to bet that if you roughed up the surface a bit with sandpaper before applying it, that you could rip the body apart before the clay would crack.
to test the strength, i kneated up a small batch of it (another plus, its very easy to mix) and pressed it over a 1/4" elastic shock cord scrap piece. Then i pressed that onto my workbench and let it dry for only 30 minutes. When i came back, it was hard as a rock. i tried to pull on the shock cord to see how well it bonds to rocketry related stuff. I pulled harder and harder, and harder, and harder, and then SNAP, the shock cord tore in front of where it was attached to with clay, it hit my hand and hurt, but it just goes to show how tough this stuff is. then i used a spackel knife to pry it off the workbench. oncei got it off, i tried to crack it with a hammer, and i COULDNT, the most i could damage it was poking tiny holes with a screwdriver. so that just about sums up clay epoxy.
as for liquid epoxy, well, its hard to get a *perfect* batch, and unless you do get a *perfect* batch, id be willing to bet on the clay epoxy all the way.
thats just my $0.02.