I've tried Wet Look before, and didn't hear anything negative after. I mainly used it to help improve the appearance of some old, mildew stained woofers.
Members over at DIY Audio did some tests on woofers, before and after, using Wet Look. As far as they could tell, it didn't adversely affect performance. Most felt it stiffened the cone, improving transient response and bass detail. With the weight of the coating, it could slightly lower the resonance frequency of the woofers. But, that might not be a bad thing either. Heck, a lot of British speakers used to have doped paper cones, prior to polypropylene, I suppose. The cones must have been doped, due to someone in design, believing there was a benefit?