Finished painting. The frame was painted gloss black and then the nose was re-polished to remove the passivation discoloration (left by the phosphoric acid wash). A lacquer clear coat was added to (hopefully) keep the nose from rusting. If you look at the nose, you can see how far off center the casting was originally machined. Notice how much of the nickel plating has been worn off the rim of the gear (by the retaining wheel), this is a drill that seen a lot of use.
Painting tip: Sharpies are your friend. When I peeled off the masking, the primer made a white line between the painted part and the bare metal. Red Sharpie, black sharpie, no white line.