Ernst, I think this is all going to be dependent on the size of the resin particles versus the pore size in the paper coating. I'm not sure how much is publicly known about either since they may be trade secrets of the manufacturers. A lot of years ago when I was still doing bench biochemistry I did a lot of polyacrylamide gel electrophoresis and one could control the polymerization rates and also the physical properties of the gel itself. This is different because the acrylate is a solid rather than a gel and controlling polymerization is likely to be quite different. For the micro-porus papers such as Ilford GFS, my presumption is that the film stays on top and seals over the image. You are probably correct that a solvent based spray will give different film properties (but depending on the solvent may raise worker exposure issues which is why water based products are preferred).
You are right. Another one to add, the resin particle size. I have used the Lascaux 2060 varnish diluted 1:1 on canvas coating and like I wrote I think the coating absorbs the first layer, there's no gloss buiding then. The second layer does.
With several protective sprays from the can (solvent based) I observed something similar on PhotoRag. Some qualities do not penetrate the coating and change the matte surface, black especially, usually uneven. HM and Premier are known to act good. There was a quality "Giant" that had less of that effect and the Talens Protective Spray 680, acrylic with a White Spirit solvent, doesn't build any skin either. A lot of other protective sprays did though. All very unscientific: I have a HP Matte Litho-Realistic Z3200 print framed without glass but sprayed with Talens in the office now for 9 months. Doesn't take dirt from the air and still looks well in color and paper white, it has no FBAs so they can not change either. That paper is cheap so I go with the idea of replacing rather than best protection.
There is a Lascaux document: 3_synthetic_resisns_varnishes.pdf that gives more specs on what is available for conservation jobs.
met vriendelijke groeten, Ernst Dinkla
New: Spectral plots of +250 inkjet papers:
http://www.pigment-print.com/spectralplots/spectrumviz_1.htm