Well part two of the story goes......
In order to completely stop the rust the guy (whom I have great faith in) is going to acid bath it after the media blasting and prior to first zinc coat, then, because I chose a translucent colour, it will need a white undercoat, then the colour and to top it off he is going to clear coat it, that makes four coats, four visits to the oven, if it aint weatherproof after that then I give up. Total price has jumped to $135 but the minute I saw the colour sample I knew it would be worth it.

I intend to matt black the interior again although he said he should be able to avoid most overspray, flock sounds like hard work and I have reservations about dust from it on the mirror.
Racing stripes? Hmmmmm, nah, that would make it a F3.5 and that's too fast.
Barees, whatch this space for the results, I pick it up next Saturday.