A liquid varnish may not be a good idea with paper that thin as it may over power the paper from the thickness of the coating itself. A spray would be better since it's light and would just lay down on it; not adding weight.
There are some translucent rolls available from HP that would be another option. But, you probably have a handful of papers available in this category to test and see what works best for you. The down side is that there may not be proper samples to see, but some brands (like OEM or fine art companies) have swatch books (if no sample packs) so you can at least see/feel the product or even apply a coating to test, but can't really print due to the size.
Others may have additional options or feedback regarding this media and process, but this is my feedback about the paper and coating.