Ok well, I'd go with red, but only if you are going to go all out and do a good job. If you half ass the red then your going to wish you never touched the brakes, it will start to fade fast and dull out. Also I would totally not recommend doing one wheel at a time b/c of how long it will take for the calipers to dry. I'd use jackstands and do one end at a time and let it sit overnight or find a lift you can use.
For example I used a lift(I know not everyone has access to it) and put about 4-5 coats on each corner after drying. It takes a long time for the coat to dry enough to apply another coat on top. My process took all of one whole day and left it on the lift over night for the last coat to dry. If you do one side at a time and dont let it sit for a long enough period of time, the brake dust after moving the car will get imbedded into the paint and look like crap. So yeah take your time and give it a bunch of coats, mine came out awesome and people confuse my brakes for an aftermarket Big brake kit all the time. I heard a final clear coat helps too, I wish I tried it but never got around to it.
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