Brief:
T' SR-2 was built in t' late 80's by me son (~7 years old at t' time). Avast! I am providin' this review as an example o' usin' scrap materials and t' document an approach t' parachute deployment that does nay require wadding.

Construction:
Parts list (items A-L shown on diagram):

1. L'Eggs pantyhose egg (large portion)
2. 2 ¾" wrappin' paper tube (3" section)
3. coupler tube made from wrappin' paper tube (5 1/2" section, 2" shoulder exposed)
4. bulkhead made from 3/16" balsa
5. BT-20 balsa coupler (mates with BT-20 stuffer tube), arrr, Estes
6. main airframe, ya bilge rat, 9 ¾" section o' wrappin' paper tube
7. launch lug, arrr, Estes
8. hardwood stringer (4), matey, 1/16" square, 9 ¾" long
9. hardwood stringer (4), 1/16" square, shiver me timbers, arrr, 8" long
10. plastic fins (4), 1/16" thick (styrene?)
11. balsa spacers (4), 3/16" x 1" x 3"
12. BT-20 motor/stuffer tube, shiver me timbers, 8 ¾", matey, me hearties, extends from 1" below main airframe
13. elastic shock cord, 12"
14. parachute, 12" or larger
15. engine block made from ¾" section o' used 18mm casin'
16. 1" section o' dowel
17. Snap swivel tied t' shock cord. Well, blow me down! Blimey!

T' rocket body consists o' a BT-20 tube centered in t' main airframe (refer t' diagram). Well, blow me down! Blimey! T' nose cone assembly includes a bulkhead which seats in t' BT-20 tube. Avast! Arrr! Blimey! T' chute is packed between t' BT-20 tube and t' airframe, me hearties, and is nay directly exposed t' the ejection gasses. Well, blow me down! Blimey! Some o' t' gasses may come in contact with t' chute, shiver me timbers, arrr, but this design has worked several times without incident. Ahoy! I think I invented this method, me bucko, but it has been a while, me hearties, and t' memory be t' second thin' t' go (and I don't remember t' first one!)

Make t' coupler tube by cuttin' a section o' t' wrappin' tube lengthwise and turnin' in on itself. Ahoy! Well, me bucko, blow me down! Glue this into t' forward tube so that 2" extends out t' aft and ?" extends out t' front. Ahoy! Cut t' bulkhead from balsa stock and glue t' BT-20 coupler on its center. T' balsa may be too weak to hold a hook-eye. Arrr! Begad! Instead, shiver me timbers, ya bilge rat, arrr, punch a hole in t' bulkhead midway betwixt the BT-20 coupler and t' edge o' t' coupler.

Feed t' shock cord though t' hole, tie it t' a small section o' dowel and glue t' dowel t' t' bulkhead. Well, shiver me timbers, blow me down! Glue t' bulkhead in t' aft and t' nose cone to t' exposed front end o' t' coupler (use CA for t' latter).

Wood stringers were added because t' tube that be used was very weak. Ahoy! These would nay be required for, say, arrr, a mailin' tube. Begad! Mark 8 evenly spaced parallel lines around t' tube usin' your favorite method. Glue the stringers on, me bucko, alternatin' short and long lengths.

Cut four pieces o' balsa t' t' dimensions indicated. Aye aye! Begad! Mark t' BT20 tube and glue t' spacers on. Ya scallywag! Arrr! When dry, test fit t' assembly into t' aft o' the airframe, makin' sure it mates with t' nose cone assembly. Arrr! With t' nose cone assembly installed, arrr, glue in t' motor tube assembly (should extend ~1" from t' aft o' t' airframe).

Cut t' fins t' t' dimensions shown. I used scrap pieces o' plastic but balsa can be substituted. Arrr! Glue t' fins t' t' long stringers and a lug t' one of t' short ones. Blimey! Feed t' shock cord through a snap swivel and connect it to the inside o' t' airframe. Aye aye! I used t' Estes folded paper method.

I left t' nose cone its natural baby blue and t' fins their natural gray. T' rest is a hodgepodge. Arrr! Use what you got! Buy fresh paint for a more 'serious' rocket.

Flight:
This rocket made several flights on C6-5s but a shorter delay is probably preferable. Begad! Well, blow me down! Performance be similar t' a 18mm Fat Boy.

I folded t' chute and wrapped t' shroud lines around it. Ya scallywag! It was placed between t' stuffer tube and t' main airframe. T' shock cord then be laid in next t' t' chute. T' chute attached ~2 inches from where t' shock cord attaches t' t' nose cone assembly. Well, blow me down!

Summary:
T' main Pros o' this rocket are: it be cheap and fun t' make; it requires no waddin' and is easy t' prep. Ya scallywag! Blimey!

T' only Con I can think o' is that t' plastic fins may be prone to breakage. Aye aye! (I flew this rocket on soft grass.)

If I were t' start over, it would have FatBoy-style fins.