Please don't take this as gospel. I was advised that painting calipers with John Deere graphite gives it the correct color and improved protection against rust. I am in the middle of soaking my calipers in citric acid to derust. I am going to paint them with cerakote, then final coat in John Deere graphite in hopes the cerakote permanently protects the metal and the graphite color looks like original steel. Not sure how it will work out.
Fingers crossed,
Dan in Kansas