Hi Kevin,
I know virtually nothing about loco building, but for what it’s worth, from recent experiences with my brass skeleton clock, I’d like to add my two penn’orth to what Chris suggests.
I made absolutely sure that the clock ran properly and kept reasonable time, before I pulled it apart for cleaning, polishing, and lacquering. An excess of oil on clocks (and I’ve been told this several times), is a no no, so having been over zealous with the slippy stuff, a strip down was very necessary. By the way, I’d also learned my lesson about using WD40 for long term lubrication. It had dried completely, and caked much of the metal work with a hard brown coating.
Unlike painting, which no doubt will have an up-lifting effect to your engine, the lacquer on my clock is an attempt to slow down the tarnishing. In the process of lacquering (shellac in meths), the bright polish has actually been reduced a little.
The other benefit of leaving the `decoration’ until after a suitable period of operation and strip-down, is that various sliding and rotating parts will have had a chance to run in. The `debris’ from running in can therefore be cleaned away without soiling any of the painted surfaces.
Good luck with your endeavours,
Sam