Experience???????  You bet.  But it was a different time and a different product.  
A Hot Rod magazine did an article about using a latex white paint to spiffy-up the headliner in the old fuzzy headliner cars.  I went that route, first coat was a tragedy....followed by several more coats of tragic results.  
First the headliner shrunk....not a bad thing, but only if it doesn't shrink to the point that it removes itself.  
Second, some areas looked actually acceptable...but others looked like Hogans goat in a parade.   Unless things have changed dramatically, I'd suggest you not go that route.  Maybe someone can give you better advice with more modern day products.