Thanks guys. Rick, I know the prep is what is going to be the messiest and most time-consuming of the job. I was cleaning it yesterday, when I came upon the factory overspray of green, not to mention all the grease and grime of 21 years. As always, I tried a few degreasers, but it looks like scrapping and sanding is the only right way to do it. I'll be using a variable speed drill with a sanding disk to slowly remove the cheap firewall paint job and the original finish. Since I've decided that the engine should at least get a shortblock rebuild, I'll be pulling the engine in the near future. This should make access easier.
I once saw someone paint their bay in an aluminum color since it would be easier to trace leaks and such. It would be a pain to keep clean though. What I'm doing instead is painting some underhood items in an aluminum finish, like the vacuum reservoir and hood latches. This should match up well with an aluminum intake and aluminum valve covers. They won't be fully polished, but should have a nice shine, when I'm done. I'm not too much of a chrome freak (more cleaning), so I'm trying to strike the right balance. A nice engine bay may be trivial, but it's something that I've always wanted and now I have the time to do.
--Bullitt