I just installed 1/2" x 6" beveled Western Red Cedar siding on my house this past summer, about 6000 linear feet. It was clear vertical grain and cost $1.10 a linear foot. I got to pick lengths I wanted and was able to get up to 21 footers.I primed all sides and cuts with an oil based tinted primer. First finish coat, 100% acrylic latex, went on before installation. If you are using acrylic latex primer, you must let primed cuts dry completely before you install or you are wasting you're time. This is a big disadvantage with latex primer. I used splitless ring shank 8D No. 304 stainless steel nails, use 6D because old studs are hard. I would still wash all cedar with a wood prep to open the pores and control tannin. The four pieces I did not use wood prep on bleed. They say not to overlap nail but I have done this on other jobs that are 30 years old with no splits. Never use bleach on cedar to kill mildew, this is now a no no and has been linked to paint sheathing. Building wrap is a whole new subject. A 15 year study on wraps by The University of Massachusetts concluded that if the professor was to build a house today he would use 15# felt (tar paper). The new trend is to put all siding on 1" spaceres that are nailed directly into the framing studs. This creates an air space behind the back of the siding and the building wrap. There are houses in New England that are over 100 years old with the original cedar clapboards with no finish ever applied. Where do you buy that siding?