Part of the reason there are so many techniques is that the quality of balsa wood used in kits varies tremendously.
Even from lot to lot of the same kit.
Everything from grain the size of sidewalk cracks to almost baby butt smooth.
There was a time when the balsa in Estes Wizards looked like they needed a shave
before you could even start to work with them.
My solution is to just say no to balsa fins.
I replace them with basswood.
Much easier to get a nice smooth finish.
More dense so they don't ding easily.
No appreciable weight penalty.
No appreciable added cost.
Sand smooth to remove the uneven areas.
Shoot a couple of shots of high build primer with some sanding in between and bingo, glass smooth fins.
I've also become enamored with trim Monokote.
Pic 1 Wizard Balsa
Pic 2 Wizard fin in basswood
Pic 3 Wizard Grande upscale fin basswood
Pic 4 Wizard Much Grande upscale basswood with yellow trim Monokote
My guess is that after trying basswood you may never look back.
Bones