I should have mentioned several things - this paint is not fast dry paint. It will take a good 24 hours to dry to a tough finish. Also - it is not Hi-temp paint so it will discolor where the exhaust manifold flanges bolt to the engine. From the point where the water jacket encloses the manifold it will be unaffected. None of the other engine parts get hot enough to cause this- at least on our 8V71TIs. However, it is very tough and durable.
You could obtain some Hi temp exhaust paint in white and use it on the exhaust manifolds to avoid the possibility of discoloration. There are some highly advertised and expensive "Engine Enamels" that may be worth looking at. I have never used them so I can't comment.
In my car engine racing/building days, we just used regular old buck-99
K-mart engine paint in spray cans but all the painting was done during assembly so the imprecision of a spray can was of no consequence.