First coat of flat black rust-oleum ultra cover premium paint. Brushed it on. I'll do one more coat. I'm no longer concerned with the appearance of the welds as they are nearly impossible to see unless you get your face right up to the weld. Good thing I didn't spend much time grinding!
I'm also quite happy with the stability of the railing, considering that the individual baulesters are not tied together. Code requires the railing support 200lbs which I'm sure it will, but I'm not about to go hanging on it to prove the point a day after finishing it. The railing that this replaced was quite wobbly and only tied into the stair risers with a few screws. The whole thing came apart with some vigorous shaking. My railing would require some tools and I think it would put up a good fight.
Will be completely wrapped up tomorrow, only 6 days late.