All I did is cover everything that I didn't want painted. Clean with a brake cleaner. I sanded a litle and then brake cleaner again. Then I use caliper spray paint sold at any autoparts store, I bought mine at Autozone. Then I stuck the decal on, which is a normal vynil decal found at a rice shop. Then I coated with a high temp clear gloss coat. I had some spots so I have to sand and paint again but this will be done when I buy some bigger wheels and slotted rotors.
tallblondeguy - I would also suggest a gloss silver.

 

Wow, that looks great..

Where did you get the decals from?

 

Would it be possible to powder coat calipers, or do you think the high heat used in curing would damage them?

 

FIRE!
I love it.

 

I replaced my pads with Akebono ceramics ($155, fantastic) and painted the calipers red using the Duplicolor kit ($19). They need another coat (up close) but that will have to wait until spring. I think they turned out great. Both the pads and the paint are the easiest and the cheapest enhancement you will ever find for any car.

PS - Where do I find the caliper decals? They are subtle yet so cool!

 

what did you use for the Jaguar logo?

 

If anyone is interested in painting there calipers the G2 caliper kit is very nice. I have used the duplicolor and didnt like it at all, the paint chipped with a month. I used the G2 on my Brembos and it looks like I got them coated. I also put on decals then cleared over them to seal them in. Very nice outcome.