First off, I agree with the above regarding painting areas you just can't get to later such as underbody, interior shell and firewall because they now have parts attached to them.
Regarding the exterior - this is the subject of debate with no correct answers, just personal preferences.
The factory and every professional nut and bolt restoration company I have seen paints the shell inside and out before any assembly.
Me? Paintjobs are major expenses these days. Having to tow a body shell to a shop and then to require them to move it around on a dolly while they do the bodywork and paint is only going to make it even more expensive. My preference is to be able to drive the car to the body shop myself.
Then there is the sub-question about exterior paint with the front clip on or not - another debate without a "correct" answer. I am leaning toward front clip off the shell and reassembled after. Kind of a compromise with "paint the bare shell 1st".
Regarding how to put the car back together - I highly recommend this website that narrates how GM put these cars together. The Factory Assembly manuals are not arranged in assembly order.
2012 Mustang Boss 302 #1918, Competition Orange. FGF replacement 2006 Mustang V6 Pony, Vista Blue. Factory ordered. 2019 BMW X3 (Titled to the wife, but I'm always driving it for her. So I'm claiming it) Old projects, gone but not forgotten: 1967 FB 400, original CA car. After 22 years of work, trashed by the guy who was supposed to paint it. I had to sell it. 1980 Turbo Trans Am 1970 Mustang fastback, 351C 4Bbl, auto 1988 Mustang GT, 5 speed 1983 F-150 4x4, built 302 1994 Chevy K2500 HD 4x4, 454 TBI