After a couple of weeks experimenting with oil on stone paper I have come to the conclusion that my best course of action was my first thought. Thin washes of color with just a hint of wax and drying medium in the paint allow for an overnight dry and the ability to work the piece more quickly without any cracking or adverse reactions.
I do love this paper but it has a fragile quality. It can be scratched and pitted, so great care must be taken to make sure it is worked on a clean surface. Cut on a clean surface... Other than that I have not encountered any negatives, but the day is still young, so to speak.