First Time Painting Rims Options

[dstock22]

I have a set of 16" OZ Racing F1's that I bought from a friend that have a few flaws on them. They are chipped in a couple places and I just want to re-paint them either gun-metal or black for my new white '90 GSX. I was just wondering how excatly do you go about painting rims? I assume you wet-sand the hell out of them but then what kind of paint do you use? Do you primer/clear coat them? Also, how excatly do you do a polished lip? Another thing, what color do you guys think would look best on a white car that was smoked out rear and front lights and will have 5% rear tint and 15% front tint, gun-metal or black?

Lot of questions there, hope somebody can make sense of it and lend me a hand here.

Thanks,
Dylan