I realize I'm very late to the conversation, but I'll share my two cents. I have had experience both in building gilded frames and buying them from professional framers/gilders. I am an artist first and built my own frames early on to save money. As my paintings became more in demand and prices began to rise, I began to purchase my frames from professional builders. I first started buying my professionally built frames from a framer/gilder in New England. I lived in Texas. Both climates are fairly humid and the frames had no cracking issues. As soon as I moved west (where I am originally from) where the climate is very dry, the gesso began to chip and flake off. I had thousands of dollars of frames that were essentially worthless now. I could not use them.
I found a few framers in Colorado and Utah who use Insta-clay. I have never had issues since. I've been using them now for over 15 years. I will say that the level of burnish is slightly less with insta-clay. And I mean SLIGHTLY less. But with good technique, the level of burnish is still great and results is a beautiful frame. If you build your frame in a humid climate and the frame stays in a humid climate, then sure, rsg and bole is slightly better in terms of burnish. But with age, it still can potentially flake or crack. If the frame ever ends up in a dry climate, rsg will be the end of your frame.
To the traditionalists out there, not only do I have first hand experience with the cracking / flaking issues of rsg, I have seen it on many frames in museums around the world in all climates. Rsg is an inferior product, but has characteristics that gilders like. Don't be so close minded to modern products that overcome the shortcomings of rsg. Sure, insta-clay cannot match the level of burnish to the same extent, but it comes very close. And considering the benefits of not flaking off or cracking...it's a pretty damn good product with great results. Again. My two cents worth.
Ps. I have recently begun building my own frames again because my son wants to learn and I'd rather pay him than a framer anyway. I'm using insta-clay this time around instead of the rsg and bole I used when I first started years ago. I'm having more success and only a professional gilder would know the difference. I promise you, most non-gilders can't see the difference.