I used Hammerite aerosol on undercarriage parts on my Model A. I bought it locally but here's an internet link : http://www.jamestowndistributors.com/userportal/show_product.do?pid=1525&familyName=Hammerite+Rust+Cap+%22Smooth+Finish%22++spray+paint+
It's expensive but the hammered finish looks great and holds up great too.
Here's some photos from about 15 years ago, The red 4-bar, drive shaft, battery box and brake cylinder mount and pedal are Hammerite:
http://i645.photobucket.com/albums/uu176/lakeroadster/1931%20Ford%20Tudor/0601995.jpgHere's a close up from about a month ago:
http://i645.photobucket.com/albums/uu176/lakeroadster/1931%20Ford%20Tudor/GEDC3012_zpsbc66c14d.jpg Hope this helps.