Thanks to lovestrat74
mentioning that Barefoot Custom Guitars are having a sale I've picked up a 2 piece alder body for a good price. :-)
As the body looks like it has a nice grain, I'm thinking about using a water based stain on it - this will also save the faff of spraying it. Northwest Guitars have a couple I like the look of, especially the pewter one!
Are there any hazards or pitfalls I should be aware of when applying it?