Paul,
Valve cover and oil filler neck should be natural.  Generator, pulley and 
brackets should be black as well as the block.
I regards to modifications, it seems you're going to some length to keep the 
Alpine original, so stay with the original carbs.  What you do to the 
internals of the engine depends on what your going to use the car for.  
Simple everyday driving, you best to perhaps run an electronic ignition, add 
an in-line gas filter and enjoy.  If you want a little more power do the cam, 
add headers and the rest.
Good luck,
Curt
Classic Sunbeam
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