Machining after clear coat is asking for troubles also, it leaves a sharp edge of paint only at each spoke which will chip and peel more easily than it should. Each cut will need to be deburred upwards to taper the paint edge.
Plenty have used the Placer Gold paint. It's based on the same paint code as Firebird used but every company wanted their own name. Will it match your current restored, 40 year old original or repro rims, possibly not but as close as you'll get without custom mixing.
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