Adding tape does indeed add quite some weight, but it also increases strength.
I made my FT Racer from 5,5mm depron and used ducttape to cover the wings (it was the only black tape I had) and although my racer is quite heavy (too heavy for my planned power setup) it has survived the first few crashes without any damage whatsoever. If I hadn't
added any tape, I would definitely have sustained some damage.
I haven't personally used foamboard, but from what I understand the paper on the foamboard acts a bit like the tape on depron models, it adds rigidity and allows for bends and creases.
I have seen people use shrinkfoil on foamboard and depron models, but you need to be careful when applying it, depron and foamboard melt really easily so applying heat to it must be done very carefully.
I am still looking for a new power train for my FT Racer. The 28-30S 900kv with a 12x6 on 3S just could BARELY get the plane to pick up enough speed to fly, but a gentle turn already made it wobbly because of the speedloss. I think I'm going to have to go for a higher KV motor and a smaller prop with more pitch. It's kinda hard to find the right motor, because most motor/prop combo's only mention static thrust as spec and while my current setup has enough thrust, it's speed it lacks.
Im currently looking at:
http://www.hobbyking.com/hobbyking/store/__16234__NTM_Prop_Drive_Series_35_30A_1400kv_560w.html with a 9x6 prop (I have a ton of those lying around, so thats always handy)