Rondo is polyester body filler mixed with polyester resin to create something runnier than body filler, but thicker than gel coat.
The final properties will depend on the type/brand of body filler, and to a lesser extent, the resin. If you use the cheap Bondo-brand filler, the harder to sand and more crumbly it will be. If you mix a higher grade body filler with the resin, like Evercoat Metal Glaze, the final product will have better flexibility and sandability.
I would abandon the use of smelly polyester-based fillers and resins altogether, though. The future is here, and it is epoxy. Mix odorless room-temperature-cure epoxy laminating resin (not the thick smell stuff you get in tubes at stores) with a filler powder such as West Systems 404 High Density Filler (essentially powdered calcium carbonate) and you'll have an epoxy gel coat, or filler paste (with more powder used) that will be strong, flexible, and WON'T SMELL. Add microballoons and/or talc powder to increase sandability.