James,
There's a huge difference between a structural part (such as a wheel, or a suspension part) made of a lightweight alloy, versus a part such as a differential cover, a valve cover, or sump/sump cover.
Most parts, particularly older auto parts, the owner or powder coater has no idea of the precise alloy, nor of whether or not that alloy can withstand the slight increase in temperature for a de-gas process. If the de-gas temp would cause some structural change to the casting that might compromise the strength of the part, this would be a problem on a structural part, and less of a concern on a non-structural part. While there are all kinds of issues with cast-alloy powder coating, there are surely more successes than failures. The successes I suggest, are in the hands of people who know what they are doing and have the experience to back up their decisions.
I trust my powder coater, and his showroom has a larger variety of powder coated parts of all kinds, of all metals, than most of us would see in a lifetime. Yes there are plenty of cast alloy parts on display, with a finish that is flawless.
There's also a hugh difference between cast-alloy wheels and pressed wheels. The metal is totally different; castings are porous and pressings not; it's the porosity that is the cause of the powder coat failures.
When I wanted to have my coolant overflow tank (brass) powder coated, they were immediately suspect--even though several of our members seemingly had theirs done without incident. One of the things they did first was remove the paint chemically, then a cleaning and pre-heat process; the preheat is similar to the de-gas but done at curing temp, not elevated like a de-gas. During this preheat, the solder started to flow out of the seams, and more importantly, perforations appeared in the brass tank; the result of perhaps, acidic coolant over the years that had weakened the structure. The powder coater didn't charge me for the stripping and cleaning but said he did not recommend powder coating this tank.
I found an old-fashioned radiator repair shop, and they re-soldered the tank seams, re-soldered the neck fitting, and repaired the perforations, all using solder. Some people suggested using hi-temp silver solder or brazing but the guy who did the repair suggested this was a bad idea; the high temperature required for either would warp and or deform the thin brass that the tank is made of.
I took the advice of experts. When the tank was all repaired (and pressure tested) I brought it to my body guy and they put a beautiful paint job on it. The paint remains beautiful, and was better than the first paint job. It matches the powder coated parts in my engine bay, such as the air cleaner canister and fan shroud.