MickFlynn,
I have worked with photoelastic coatings before, and I must say that they are very useful for getting a full field view of the structure. In the majority of the cases where I have seen it used, it has been on large monolithic structures, and not detailed assemblies as you have described.
There are 2 approaches here you can try.
1) make the parts out of the photoelastic material. Very useful for getting through-thickness stress distributions. However, the difference in material properties compared to your actual part needs to be evaluated if you are looking for quantitative results. If you want qualitative results, this is the way to go.
2) apply a surface coating, with each part having a discrete coating sheet. There is an art to this, and it takes a little practice. Furthermore, if the geometry of your parts is complex, then it becomes a lot harder. This method is very usefule for obtaining full field results, and can be used in conjunction with strain gauges to refine the results.
Too many people use FEA for their definitive results, yet do not adequately verify their models through simple means. Most of us know that the models are capable of rendering garbage if the proper constrains or assumptions are not applied. Therefore, since you are testing anyways, I would advise the use of photoelastic or strain gauge surveys to verify your FEA results. If a few locations match well, then one has more confidence in the FEA.
Regards,
jetmaker