You may also consider rattle can if you opt for touchups if you can find a close color match. I did that with an old lugged frame and it turned put pretty good. I cut small circles in posterboard and used those handheld between the can and frame to act as a moveable mask and carefully sprayed and feathered the paint at and around the nicks and peels. Worked great with a minimal amount masking.

This after careful spot sanding of course. I think I used Duplicolor.