For my master cylinder, I powdercoated mine. I did mine in black, but have done other peoples in cast iron color. The powder isn't affected by the brake fluid that will eventually end up on the body of the mastercylinder. Of course, if you do this, you need to remvoe the piston and the residual valve and flush the master out, but it is a nice long standing look.
I know that washing and waxing my car with the present condtion of my paint is like polishing a turd.....but it's my turd and I want it polished!