My 2007 National 30 ton truck crane, that I bought slightly used 4 years ago, used powder coating in many areas. It came from Appleton Wisconsin FWIW, and was kept inside when not in use. The powder coating is flaking off, showing established rust underneath. It looks especially bad when viewed from the rear, and it bugs me no end to see my company name on a (partial) rust bucket, that people trust their lives too. No one else has ever commented on this, and I am probably over sensitive. But, I have a friend with a commercial sandblasting biz, and I am going to have him blast the PC off, and I will build it back up with brush applied coat/coats of....wait for it.....good old Rustoleum! Available anywhere, the "rusty metal primer" is great stuff, and all my metal hand rails on my decks are finished in 2 coats of that, NO finish paint, 12 years later it looks like the day i painted it.
Hand painting a steel tube fuselage is THE most onerous job of building, and if I was to build again, I would for sure powder coat it, after reaming out the applicators on exactly how it and when it would be applied, and yes, it would be a light color. I too have heard the process has advanced in recent years, inexpertly prepped and applied it sucks over time, done right it's a huge time saver.