Very interesting, thanks for the link, Mitch.
@Mclaren: The wrapping occurred to me mostly because my splitter has started developing some cracks. Figured I'd epoxy over the cracks to make sure they don't spread and then vinyl over the part. If I do the splitter, then I'd need to do the skirts as well. And then the end plates of my spoiler. If I do, I'll be sure to post pics.
Thanks again.