Paint Asbestos Insulation?

Hello -- just bought a house with thin paper asbestos around the ducts in the basement. The insulation is not touching the ducts, only the wood. I am going to need to move some duct work, but not touch the insulation. I plan to drywall around the framing and enclose all ductwork along with the asbestos insulation. Should I have the asbestos removed? From what I have read the best option is to shellac the asbestos in place -- this prevents it from being friable. Then I think i could remove the ducts without fear of lightly brushing against the asbestos. If I do paint the asbestos, what is the best specific brand to use? All thoughts appreciated. Thanks, Tim