No idea where you live so I can’t help with specific companies/prices.
I’ve had two sets of Discovery 1 alloy wheels done locally here in Buxton.
The first set were exceedingly tatty to start with, and one even had the rim a bit dented.
They came out OK (ish) with a good overall finish to the powder coating, but visible pitting showing through.
I did half expect that, but it was for a spare set of full snow tyres.
That company no longer offers the service, so for my better wheels I used this outfit below.
The finish is good overall, and they do offer limited repairs, as well as CNC detailing.
To do the job properly at home with twopack, or anything else, you need to factor in the paint cost, as well as blasting tyre re-fitting etc.
It seems to be £60 per corner here, but that includes removing tyres, grit blasting, coating, refitting & balancing.
In my case I wanted new tyres as well, so waited until I had an eBay -20% discount token on my chosen tyres, which aren’t available locally (Maxxis Wormdrive).
The powder coat company then effectively fitted and balanced them free of charge, as it was included in the refurb price, though I had to dispose of the old casings at the local dumpit site (Free here at the time)
Previously when I had to have a tyre pulled and re-fitted for a valve leak, it was £25, so the re-paint only cost ne £35 a corner effectively.
I’ve just been having a similar conversation with a Landrovering friend, who needs some steel wheels re-painting.
Personally I think these days, I’d probably go for powder, even on steel wheels, so long as they are tubeless and in reasonable nick.
Previously I have chosen paint, as I normally changed steel rimmed Landrover tyres, and mended punctures myself using levers, often in the middle of a forest somewhere, so any paint chips could be touched up, but now I use garages with tyre machines for the Disco etc.
If you have a Facebook account, the photos are worth browsing through, showing the CNC work etc
https://www.facebook.com/profile.php?id=100063740838471
p.s. re the previous comment about kerb damage; I did consider that, but my application is on Landrover or Discovery 75/80 profile tyres, so the wheels are higher than the kerb, and less susceptible to damage.
Lower profile or car tyres my skew the argument in a different direction.
Bill