James, I just finished a restoration and I used VHT engine enamel rated at 500 degrees. It turned out pretty nice with a gun metal and a clear coat. 3/4 of the way down this page is a close up:
Pasquini Livietta restoration for first timerI had a couple of issues. The first was some running on vertical pieces. The second was I didn't remove all of the paint and some of it started flaking through the enamel during baking. Not sure why this happened but if I were to use this method again (which I think I would, although I have only been using this machine for a couple weeks so I'm still monitoring prolonged durability... I'll get back to you in 5 years

It feels like it will be good though and has not chipped on the few inevitable bumps it has taken upon reassembly) but I would do some things different. PATIENCE. More time spent removing paint, a primer would be used, more even and light coats. Also the baking can't be good for you. I got slightly light headed from the fumes. But it's a relatively cheap method, so use your savings on time and care to apply it well and it will treat you well. The worst thing that happens is you are out $20 and a poor finish and you go ahead with sand blasting and powder coating or similar.