Thank you for your perspectives.
I think sanding the pre-coat will make the cloth easier to slide around than on bare plywood. But that's just a side benefit. Main reasons for me to pre-coat are to minimize chances of lifting cloth by outgassing and to prevent epoxy starvation by wood absorption. Not issues for pros but issues for a novice like me.
I will only use the PeelPly if my testing on scrap plywood turns out 100% good. Otherwise, I agree that it could be a bad thing.
Thanks.