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I use black Krylon in a can. Seems to hold up well with decent preparation. And if your using dusty OEM pads doesn't show as much. Unless your worried about getting points deducted at Concourse events.
Hat and rotors are subjected to significantly more heat than the calipers. I have painted the rotor hats. The rear hats still look fine, but the front hats paint has deteriorated some what. If you want to see how I did this pm me for the website.
Thanks…I used a couple small wire wheels on a drill, two cans of brake cleaner, degreaser to prep paint, hours of tape around edges and slots and this paint.