I tried a very similiar process with several dunebuggies I have done in the past.
I came to realize that the basic VW pan is not that pretty. Once painted most look even worse because they aren't flat, have casting marks, and are realy rough in overall construction. Things like the beam, which is not as smooth as you may think, get painted with a bright color, all those dimples, scratches, gouges, etc just pop right out. It takes hours and hours of sanding, filling, and priming (and more sanding!) to make any part of a VW pan look good. The more I hid...the more I liked it.
Thats not saying that there aren't alot of nice details that can be accentuated (sp?). Heck, I just finished spraying all those little axle boot bolt bracket thingies red on my most recent project!
Here was one chassis that I did some level of detailing to. Again, not to the level your considering but my taste is a little more subdued.
Thats what makes assembling these things so great.....your free to do what YOU want to do!