Smooth cast 300 sets up in under 10 minutes, depending on the thickness. If you're brushing it on, you might want to give it a little more time.
Here's the kicker though: smooth cast will not bond with itself as well as a fiberglassing resin like West Systems. It WILL bond to itself, just not as well. You will probably experience a degree of delamination when you are sanding it down.
Also, smooth cast mixes by volume, not weight.
In my opinion, for pepakura stuff, fiberglassing resin is a better choice, but NOT the cheapo stuff you get at home depot. Spend the extra money to get a marine grade resin, and some good cloth or matting. Whatever money you think you'll be saving by buying the cheap stuff, you will lose in the time you waste dealing with the stuff. Please trust me on this one! lol