I started with a blue slant...
A few days later it was down to bare metal with a drill and a few wire wheels (get the multi pack from Harbor Freight), use eye protection because those little wire bastards like to fly off and stick in your skin, I always use a torch to chase out the water and warm up the block/head/bracket/whatever I am painting so it wont rust after the primer is on, a few cans of engine primer first, wait for it to dry, torch again just enough to chase out any moisture but not enough to burn the primer, a few cans of engine color, dry time, then about 4 cans of engine clear. I go over kill on the clear because I like shiny!
It will come out looking very nice!
(I didn't get all the valve cover because it is going away soon.)
Here is my 360 after the rebuild...
and here it is after about 10,000 miles, new cam, t-ram and a wire wheeling still waiting for paint.