If you mist on several light costs, you get a nice flat / orange peel finish, depending on how heavy the coats were.
I assume the parts you're painting will be aluminium. So you to do it properly, you need etch primer (u-pol make it in rattle cans, they're a nice red colour). My advice would be to remove any existing paint, etch prime, then spray a very light mist coat of colour. Once your mist coat hast flashed off, your top coats have something to stick to, which helps reduce runs. Again, spray your top coats relatively lightly, as I assume you'll be using rattle cans.
Rattle can paint is very thin as an aerosol doesn't have much power. Because of this, you'll need to do several coats, but being very careful not to put too much on and let it run. Don't be surprised if you can still see the primer colour through your first top-coat.
The other issue is that any coating is certainly going alter the size of the components a fair bit. I'd advise practicing on something like an old beer can to get the hang of it.
When it's all done, stick everything in your airing cupboard for a week to get properly dry, or the paint will rip off as soon as you use the bits.