Hi Bob - Liquid Emulsion from either FOMA or Rollei give normally better results than Liquid Light (the contrast consistency is normally better). It's easy to coat the paper but you need a high quality heavy weight paper. What you use for PT/PD works fine. FOMA is a little less expensive than Rollei, but Rollei does offer a variable contrast mix (for a higher price). I've been working with FOMA for close to 10 years now primarily making Bromoil prints so I know a whole lot about it. The big thing you will find is that you have to figure out how to master the hand coating process and get rid of the brush strokes in the emulsion. It gets really frustrating. I found that switching to coating with a glass rod is completely more successful and you can get a pretty much perfect coating nearly every time and no brush strokes. Note that coating with a glass rod with liquid emulsion is completely different from coating Pt/Pd with a glass rod. If you want to try it, get either Denise Ross's book on Handmade Silver Emulsion or (a little self promotion here) get my little book on bromoil printing "The New Bromoil Process". I go over the glass rod coating in detail.
Commercial liquid emulsion gives you a great silver base image in your prints and it is very archival. It does have a shelf life, but I've used it a year over expiration date it worked fine. You do need to store it in a refrigerator. Prints from it look different from conventional silver paper and have more depth to them if that makes sense. Many times, I've made a large 16 x 20 liquid emulsion print intending to use it for Bromoil, but have a real hard time bleaching out the visible silver because the print looks so good all by itself.
Happy to do a ZOOM call if you want more info. BTW - I always remember the things you taught us in the printing workshop you did many years ago when you came out to California at Matt Blais's house.
Dan Dozer