Hi Jim
Bare balsa is in fact the best thing to stick any of the iron on films to.
If you seal the surface you tend to trap lots of air bubbles, and the only way to get those out is to prick each one with a pin. Porous balsa lets the air through.
If an edge isn't sticking down well, and to seal against that icky fuel ingress, people use balsaloc (a heat activated brush on glue) underneath Or Solarfilm Clearcoat, which is more varnish like, takes film on top of it, and also dries to a shine that matches the solarfilm surface it's self, so is OK to seal edges with afterwards.
With electric models though, I just iron the film on the balsa and that's it. Just arrange it so edges are trailing in the wind, rather than facing it.