Of the two, oil based would be the better of the choices...But, its getting pretty hard to find in some areas, Personally solvents are what I use, Im not sure what the compatibility with that sealer is and it would require a paint stick test but if you can get the orange peel finish with a med roller and a topcoat of an spray can (high temp" engine enamel you could duplicate the original finish...I say high temp because its got porcelain binders in it and as far as spray cans go its not over reduced so you can get some mils out of it with a few coats...But again test it first with that sealer, you do need a primer sealer too or it will look like you just spray painted painted plywood...Latex would be my last choice.