Right On Don!
What you're observing Crash, is what someone did to cover up
the rust which forms a week after the original factory paint
has burned off the exhaust manifold. A PO sprayed some
Hi-temp hot rod paint on it.
If you want to keep the look of bare, un-rusted cast iron,
'Calyx' works well but has to be reapplied every few months.
http://www.eastwood.com/calyx-manifold-coating.htmlHere is an exhaust manifold with about two years use on it
that was treated with Calyx but not maintained real well.
http://www.pbase.com/dennygraham/image/124991344This was the way it looked right after being treated while
mounted up on the engine.
http://www.pbase.com/dennygraham/image/114331484dg