Posted 10 June 2012 - 02:47 PM
Remove the nipple and coat its threads with a thin layer of grease. Thread it back in and mask the nipple wrench surface and the tube connection barb.
Mask the machined surfaces where the caliper bolts to the hub.
If the pistons are out of their bores, mask the bores with a ring of tape.
Clean and temporarily fit the old dust seal retainer to mask the bore entrance.
That should be all you need to worry about. After painting remove that old dust seal and the mounting surface will be ready for the new dust seal without having to scrape away paint.
If the pistons and seals are already installed, mask around the exposed parts of the piston and as much of the rubber portion of the dust seal as possible. Do not paint the surface of the piston that contacts the brake pads. Mask the nipple and machined surfaces I mentioned above.
Several light coats of paint will protect better than one or two heavy coats.