The question was asked about clear coat and how many coats of paint to add. Here are all my tips:
1: yes, do sand the intake with fine grit. If you are doing this to a spare intake, take alot of time and do it right by even saning the casting lines on the runners. Ever notice toms intake has smooth runners with no lines on the sides.

? use a dremel tool with a sanding drum attachment then follow with sandpaper by hand medium grit then fine. take's time, but looks great.
2: Wash the intake off with hot soapy water (I put mine in the dishwasher). Then wipe off with a prep solvent.
3: Paint it slowly with multiple coats that are really thin. You dont need to cover it all the first time. Wait between coats till the paint is dry to the touch. I have 5 coats of paint on my intake.
4: Make sure its high temp paint and whatever you do DONT USE CLEAR COAT> the clear coat looks great at first, but it will turn yellow over time (like within a month) and it will look like crap. I had to repaint my white runners due to extreme yellowing.
5: ditto all of what jason said on the letters and curing....wait a week before you do the paint thinnner letter fill trick.....dont want to hurt the base coat on the plenums.
6: I used meguires polish on the intake which has very mild mild abraisives and the thing looks great.
7: Lastly: your intake rubber hoses will stick to the paint making your next disassembly difficult if the rubber is old. Be careful
the flash makes this ford blue look really sky blue...it isnt that light looking.