I did it on a warrior, I used that rubberized undercoating. Um . .Just get them PC'd, looks way better and lasts longer. The under coating adhered well and looked like piss (my opinion) and for some reason it peeled off- It was probably my fault for not roughing the wheels up before but oh well
I tried that once on an old set of rims I had. It adhered good, but the color faded quickly and started peeling off. I would say just get them powdercoated, thats about the only thing that will hold up.