Repainting my 8X12 C&P Letterpress

In the process of cleaning and restoring my recent acquisition of an 8X12 C&P letterpress some of the paint is worn and/or chipped. My press is a shade of machinery grey. Will it devalue my machine if I were to repaint it? If not does anyone have recommendations for the color/brand of grey paint?

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I know I have seen some actual paint brands mentioned here - here is a thread on color from earlier this last year.