Michael,
Red was the original color. I just stripped it and primed and painted using rattle can with a good 2 part clear over it. I regret not going the powder-coat rout. If you can, go for powder coating. Stripped it all down, straightened frame with bottle-jack. Welded the cracked down tube of the frame.Straightened the forks using my shop press. Took forks apart and inspected and re-greased (this was a bitch getting the little retainer ring in and out). The motor was pretty used up. I bought a new gas tank. Honed it using a brake hone and put in a .10 over ring set, and re-assembled with a new gasket set. New tires, new bearings, new seat cover, lots of paint. Re -build the busted up clutch cover with a epoxy and fiberglass. Had to fabricate part of the throttle assembly that was lost. Now its a runner. The white ball on the engine shifter is the Hurst ball off my shifter on my long-lost 69 Camaro that I had 30 years ago. The thing still wheelies like i remember. I looped it riding it down my street a few months after getting it back together. I guess i didn't cover the rear break good enough and may have had a beer or 2 in me at the time. Both me and bike survived, but I won't do that again. LOL