Thanks...some good ideas!
Dan, I had to sit and think about that a bit...then it sunk in. Definitely don't want round beading!
Matt, painting the SS beading was an option I was toying with. The only down side I came up with is that the TR2 has no beading along the sides of the bonnet, so I would have to cut the beading there, and figure out a way to cover the cut edges. It may be workable, but I need to figure out the details of using that option.
For Rub and Steve, I have used plasticizers before. They keep the paint softer, which prevents cracking, but also makes it a bit less durable. That could be a problem when buffing out the final paint. So far I think painting the beading separate with plasticizers seems the easiest option, but I'm still not committed. I have to work out how to hold 23 feet of beading while it gets painted. David's idea may be a good way...just leave it sticking out and paint it with the body. I like the rattle can idea...if not for this, then just to have an easy touch up paint for later. I'll have to ask about it at the local paint supplies!