Originally Posted by chichi

I have never tried painting componenets, I would be concerned that paint would peel off at contact points or break down from lubricants or cleaning. If anyone has had sucess with a particular painting method maybe I should think about painting the rear derailer?

Painting the rear derailer would leave the FR and the S&S rings as the last remaining "bright" pieces, I can't imagine it would be practicle to paint those.