David,
At the various Porsche shows that I've been to it seems to be gloss black or semi-gloss silver depending on the year. My restorer's guide shows, gloss black for the Pre-A and A cars and silver for the later cars, unless it's a special option, prototype, or race breed car.
VW engines were always semi-gloss, tin, coil, gen backing plate, etc.
If you're going for a more Porsche look for your engine, you ought to go for the 36 hp fan shroud as well. It's looks more the part. If it's from an original 36, you'll need to weld on a dog house or use a remote cooler, the aftermarket 36 shrouds have the dog house attached, but they suffer from poorly designed interior veins and air passages.
If you like, I can email some of my pics of original 356 engines.
Luck,
TC