If i ever had to take my engine off to fix i would powder coat it but i plan on painting without completely taking it apart, I have done the before and the paint did not chip, I don't ride on rocks too much its mainly dirt trails so not much to chip the paint.About 250$ or so for the frame, I plan on powdercoating my frame black, black rims, red hubs, black swing arm and red axle. But I have white plastics. I think Honda red should look real good with the black plastics. The reason I say powdercoating is because you should never have to take your bike down again to paint it.
Thanks, its all in the prep work...Well, I hope it works out for you because i know it will be a pain to completely disassemble the bike.