Join Date: Aug 2005
Bikes: Trek, Cannondale Tandem, Surly LHT
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Can't say from experience, but I think it's a bad idea. Why? I believe a painted surface might very well have a considerably lower coefficient of friction than bare metal. I also think it would rub off after not too many miles, and it may load up the pads, too.
If you do paint them, let us know how it works out for you. I'm always interested in learning new stuff.