I found it's not the paint but the clearcoat that fails on Porsche calipers. Forgetting for a moment the (lack of) wisdom of base coat/ clear coat on calipers vs. just painting them red - I used a plastic tool to remove all the bubbled areas and then fared in the chips and resprayed them with high-temp clearcoat, and they look like new.
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2002 Boxster S, Arctic Silver, 18" Turbo Wheels, 6-speed
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