I actually did this to my Rotor after almost all of the old paint started to wear off. Personally, I love the results. So here's a look at my finished product:
If you want to know how I prepped it just ask. It's not that hard to clean after a day at the field, is tough as nails, and still gave it a unique look. If there's anything else I can say, it would be to let it dry for about 3 days before you even think about touching it.