There are several people who have used tremclad with good results. (For anybody wondering, tremclad is the same thing as rustolem)
Check out these links...
Home moparts: paint job on a budget!? 
I'm guessing, if you take your time it would look pretty good! If you decide to do it, be sure to post up the results!
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-Charlie
1996 Explorer Sport lifted
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There's a place I know about, where the dirt road runs out, and we can try out the 4 wheel drive..come on now, what do you say?
I've got the perfect place in mind, it's in the middle of nowhere, only one way to get there, you got to get a little mud on the tires.
