I do believe that I will go the touch-up route.
Now that I've heard a vote of confidence about Duplicolor engine paint, I think that's the direction I will go.
Years ago I worked at a motorcycle body & paint shop. I was just the sander / prep guy, but I'm still pretty confident in that particular area. I don't have a spray booth or even a garage, so I'm going buy a roll of brown craft paper, and some good tape, and block off everything that I don't want hit with over-spray. The bike will look like a big ... lamb chop from the butcher shop.
I think that the lines and contours around this part of the engine will work to my advantage, in terms of color matching problems, etc. Like that nasty casting line that goes back from the starter motor area. I think that's actually going to work in my favor.
But this task will have to wait. This morning I had to replace the rubber gasket in my gascap, and at the moment, my carb parts are soaking in Berryman's. .... that stuff smells like oil and wet dog...
Ah, this is the life, ain't it?