I used brush-on Rustoleum BBQ paint on the exhaust pipes. It was semi-gloss black and stuck really well to a stainless steel exhaust system that had simply been rubbed down with lacquer thinner (in a well ventilated area). Baking it in an oven wasn't necessary since I had a 320 HP 4.4 Liter three-carburetor Columbo V12 Ferrari engine baking it between Maryland and West Palm Beach, Florida.
The paint lasted very well for at least 3,000 miles and one year, then I sold the car. It was also good enough to fool the Ferrari Concours judges (stainless steel is against the rules). I just polished the last foot of the stainless pipes and put some little stripes of red vinyl Dollarama electrical tape around the pipes between the black pipes and the polished stainless tips and then stuck some ANSA stickers on the polished tips.
If I hadn't been so cheap, I would have jet-hotted them.
Tom Kizer