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I re-did my calipers on my supra with engine paint because that was the only high temp type I could find in the color I wanted. It held up perfectly fine and was very simple. I took the caliper off the car cleaned it with degreaser and did about 4 coats.
I really like the orange calipers some of the Japanese F's have! My calipers are currently white on my SFP and I like it but I might look into orange soon.
Do viper red you wont be disappointed you can find the paint on automotivetouchup.com they have great aerosol cans and you get the gloss clear goes on so nice!