And Wez I'd love to do the 'black top' but I really don't think the red would work, could go to town on the whole guitar though... What do I have to do for the binding though? Tape it up?
yeah, dont strip the guitar just give it a going over with 300 or so grit wet and dry paper then you tape all around the edge, but its not worth taping the top.
after you have sprayed it black you will not be able to see the top of the binding so you have to scr@pe it back with a blade - razor blade or sharp stanley knife blade work well. You hold it at a slight angle and drag it gently around the top and it will remove the paint in a jiffy.
then you will probably need to tidy up the edge where you applied the tape as well because some always bleeds through. Its easy to clean up but having some more black paint handy to touch up the edge is a good idea
then you clear it all to get it really shiny, this will also help level out the ledge left by the black paint
then you buff it too a shiny new guitar!!!