Powder finish from a place like Spectrum, go.

No lugs, you can make a case.

With lugs, you get what you pay for, I have stripped 4 different powdercoat jobs, one to go.. all have had concealed corrosion. Starts at lug edges and braze ons when visible, but every frame had surface problems under the plain tubing zones.

The heat and duration of heat will cause the powder when it becomes a liquid to pull away from any sharp edge, lug line as an example. The film will be thinnest there, you cannot avoid physics, the powder CAN be built up there, then you lugged bike will start to look lugless.