Glassfibre, or fibreglass resins are polyester or epoxy- the glass cloth is mixed with the resin to form a laminate that makes a very strong and flexible material. The process is the same for either resin used, although the binder used for the glass cloth is different.
Nearly all model hulls made in the UK will use Polyester resin, as opposed to epoxy, Why? Because it's MUCH cheaper (at leaat 1/4 of the price). Epoxy is a better product, but polyester resin gets the job done for most people.
I personally see little benefit in using epoxy resin for conventional scale model hulls. It does have benefits for fast electrics, exotic yachts etc, where the superior qualities lead to a thinner and hence lighter hull.
I find any problems with shrinkage are negligable, but your milaeage may vary depending how fussy you are.
The smell of polyester resin are pungeant (sweet and sickly), however I don't find this a problem, as I have a dedicated workshop. If you are working in the house, then fibreglass resins may cause domestic friction.