Neno......thanks for the excellent advice!
I did pretty much everything you said, and also took some advice from the guy at the paint store. I used single stage paint and related products.
Tore the bike apart and sealed the gas tank from the inside to get rid of that pesky leak. Sanded everything down. Due to 10 years of pits and scratches, I sanded almost to the plastic on most of the bike. Filled a few of the larger scratches. I used an epoxy two stage filler for the voids in the fairing left by the front turn signals. I sanded them completely out and left it pretty rough inside. Filled them up, let the magic stuff cure and sanded it out. Looks great.
It was a good decision to get rid of those cheap looking things, the overall bike looks much cleaner. I have ordered some mirror/signal combos from Speedzilla and will install them when they get here.
When it came time to paint, I shot the tank and top fairing sections in red. Not bad considering I don't know what I'm doing! One problem however. My shop is basically a barn door style, and even though I cleaned it and sheeted the whole thing in plastic, there was no way I could keep the dust out! Oh no!! Another problem, the paint needs 17 hours to cure, and the temp needs to be 70 degrees F. My shop has no insulation and it was cold. So I get space heaters and have them going all night. Those damn things use a lot of juice. I kept blowing circuits. My backyard looked like a spider web of extention cords as I was trying to find plugs that weren't on the same circuit. Stressful night! Bottom line, I was able to keep the temp barely in the safe zone, and I had unacceptable dust specs on the parts.
The wife, god bless her, said, "You've done all the hard work, take it in and have a pro shoot the paint for you." Can't argue with the logic. So I took it to a local guy I use for other projects and it looks great.
Did a tri color scheme, red on top, white in the middle, green on the bottom. Found old school logos. Looks really cool. I can't figure out how to include a picture but I'll try and get one.