I have not tried the liquid either. When is it applied to the print?
Whenever. It's best when dry to the fingertip drag test, but more often than not I coat pretty much right out of the printer.
As others have noted, use a 3" foam brush. You can wash these out right after use and use them again and again. I generally get a year out of one.
You can thing the Clear Shield, the factory says 20%, I thin it until its the consistency of whole milk. You sort of mop it on with almost but not quite a dry brush. A little bit goes a long way and be sure to cover the entire print. It's easy to miss a spot, especially in places where there is no printing.
Not only does it provide the aforementioned abrasion and UV protection, it also noticeably brightens colors.
Every banner that leaves this shop is coated with Clear Shield. For a 3x6 it takes less than 5 minutes from start through cleanup. I always keep about an 1" or so, properly thinned in a Cool Whip bowl. Just pop the lid off, use it, and snap the lid back on. It keeps for months this way.
Note that Clear Shield is chameleon-like in its glossiness. It tends to take on the gloss of the media. If you put gloss on matte media, it will come out more matte than gloss. Likewise if you use satin on glossy media, it comes out more glossy than satin.
And can you put app. tape over it for installing the print wothout hurting the Clear Shield bond?
Yes. Be sure and use the original formula. The other formulations have been known to separate the Clear Shield. I speak from experience and have been using original formula for years with high tack R-Tape Comply and have never had a problem. To err on the safe side try to mask right before application. The longer you leave a print sitting around masked, the tighter the bond becomes on the app tape adhesive.