ORIGINAL: Wilson4824
Looks Great! what paint did you use? I kind of thinking the same think, only I was just going to sand off some of the lettering. Then paint clear rustolem over the top to seal it.
I used exterior latex and cleared it with Top Flite Flat clear Lusterkote.
I had Home Depot color match the blue. I was just going to use it for touch ups. I mixed the blue with some white that I had for the lighter shade of blue.
Try your method first. It'll be a lot less work. I spent about two weeks with an air brush.