I used 1/2" MDF for my sled, with poplar fences. The only place I have had to screw into the mdf is the slide. The fence is held by screwing through the MDF into the fence. Tip: don't put the fence right on the back edge (nearest you) move it in an inch or so and put a single pivot screw on the left end and a small adjustment block on the right. This has a hex head screw in it that adjusts the fence angle to set it square. When it's all done screw through the same block into the fence to keep it tight against the hex head. When its all done butt some brackets behind the fence near the center. This is much easier than trying to make adjustments when the fence is screwed from below.
I have not coated ANY surface of my sled and it still seems ok. probably better than doing one side only.
Use the "5 cut" method to square up. Mine ended up about 0.0005" over a ft, if it moves a bit I can live with that!!