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Whatever you do, DO NOT APPLY CLEAR OVER THE PAINT, CLEAR WILL TURN YELLOW ONCE HEATED UP PROPERLY AND RUIN THE JOB.
There's a 20+ page thread on this on EVO-OZ and it's been proven over and over.
The way I did mine was:
1) sand caliper back till all original clear coat has been removed.
2) clean thouroughly with wax and grease remover.
3) apply 2 - 3 light coats with caliper paint. I used VHT "Real Red" which is slighter brighter than the factory colour.
4) leave overnight to dry.
5) apply decals once dry. The ones Meek sell are the ones you want - correct size and font.
6) Enjoy the look of your brand new looking Brembos with a big smile on your face! :-)
Note: I did mine while still on the car. Being such a fiddly job I didn't wan't to do it twice either so took extra time prepping everything.