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Which style of corner bead you choose—whether metal or paper-faced—depends on your preference and if you’re comfortable using metal-cutting tools and a hammer. Metal bead offers superior strength and durability but its installation is slightly more involved. We’d say for most cases, it’s better to use metal bead but if you’re not comfortable working with metal, paper-faced bead will work just fine. 

Whether to repair or replace water-damaged plaster depends on the scale of the damage. For small, limited areas, you can often perform a repair yourself. If you choose to paint over small patches, ensure the surface is completely dry and apply a coat of antifungal primer first to prevent mold growth. However, simply painting or plastering over the damage is only a temporary solution that doesn't address the core problem. For more extensive or long-term damage, the plaster may be compromised, and there is a risk of mold. In these cases, it is recommended to remove the damaged section of plasterboard and replace it. You may consider hiring a professional for the repair, and it's worth noting that water damage is often covered by home insurance.

Some painters will repair minor drywall damage. For repair work of any kind, it’s a good idea to hire the professional required for the job. Many painters will have the materials on hand and can add them to the total cost. While you may save some money, there is a chance the work will be subpar compared to a professional who specializes in drywall.

Damp plaster does dry out, although the drying time depends on several factors, including the type of plaster, the surrounding temperature, moisture content, and the extent of the dampness. Sometimes, it can take weeks or months for wall plaster to dry naturally.