I use a lot of epoxy putty, and yes, it's totally safe for models since it's not solvent based.
I'm not a big fan of the Tamiya epoxies, they're sort of rubbery and hard to sand when cured, though pretty nice for sculpting if you like to finish parts before it's cured, and they're very fine grained. I mostly use Lock-Tite(?) epoxy putty from the hardware store. It's dark blue with a white center, cures in 5-15 minutes (full cure in a few hours), sands easily, and it's cheap. Pretty grainy though, so you have to use a heavy primer/surfacer to get it really smooth.