I would consider wrapping it in some cool color - and painting the hardware a darker color of that color (to match). Then, of course - perhaps a metallic or special type of color like a candy apple ______. Even perhaps something that changes color a bit in different lighting. Considering your friend will let you sand blast all your parts - little/no cost there. Then the only cost will be for the paint and heads.
I have a kit that I want to wrap but am not sure what color or even what type of 'covering' - as I may not use conventional wrap - may decide to try something else.
It is a MIJ 3ply with rings - 12,13,16, 20, 14sn - but the 16in FT is a Slinger/Leedy mid 60s shell. I have all the Slinger-type hardware for it....have everything I need except the snare strainer....and so far the investment cost is....ZERO. This kit even came with wood hoops! This kit came as parts of larger deals. That is the sweet part - and if I decide to go with some experimental 'covering' - it will be for the reason of keeping the overall cost low.
Thanks for reading - not trying to hijack the thread - just sharing a bit about....same type of situation - the thread theme....cheap/nothing for a kit.
Keeping an eye on your project - fun to watch!