I wonder if you can guess what happened next...
I absolutely LOVED the Retro Red and decided to remove all of the new clear coat, paint and then scuff all of the yellow powder coat and paint the frame with it!
I know, it's insanity, but the path led me here, and here is where I need to be! It's funny, sometimes, where you go and how you get there!
I spent 2 days sanding the frame with 400 and 600 grit sandpaper. I totally removed all of the silver and red paint and removed the tough shiny surface of the yellow powder coat. I masked up the chrome parts and painted the frame Retro Red. I laid down about 4 coats of color before 5 coats of clear. I wanted it to go on heavy since I planned on color sanding, buffing and polishing the clear.

This the is frame after primer, getting ready to go in for it's first coat of color.

Here it is after it's first full coat of color - this color is quite transparent, so it took 4 full coats of color to make it even.

After 2nd color coat, you can see how rough the texture is.