In answer to your original question, the best ceramic shelling material currently used commercially is a full alumina system. It costs an arm and a leg, though, and most places will settle quite happily for a zircon-based prime coat followed by as few layers as they can get away with of aluminosilicate stucco in an aluminosilicate slurry. There are other systems out there (my place uses 100% silica) but they tend to be for more specialised uses.
For surface finish the most important factor is the prime coat. Thicker slurries give better finish, as do finer stuccos. As previously pointed out, however, both these factors can lead to gas defects.
With this part in particular, it may be a lengthy development process as the part has a chunky section in the middle and no easy way of gating to it through a thick section.