Doing a little more research on powder coating springs, here is Eaton's take on it --
Simply put, powder coating is a process where dry paint particles are sprayed onto the surfaces on the spring. Then the springs are heated which melts and bonds the paint particles to the metal.
In order to get the paint particles hot enough to bond they must be heated very close to the annealing temperature of the spring steel. Annealing means the heat treatment of the springs is being removed. Annealed springs will no longer support any weight. Figure $225.00 to $250.00 per spring to fix this goof up.
To have the powder coat work without softening the springs the heat MUST be held to less than 350 degrees.
Painting should not have to be explained. I use high quality, hi temp engine enamel.
Hang the spring by an eye and spray 3 to 4 coats of paint. Be sure to let the paint completely dry in between coats.
Whether powder coating or painting, do not cover the top of the leaves nor the bottom part which is covered by the leaf below it. Either type of coating builds up a few thousands of an Inch per leaf. With several leaves in a spring pack the added thickness will be several thousands of an Inch.
The weakest part of a spring is where the center bolt goes through the leaves. This section of a spring must be held with such a force that there is very little movement in the center bolt area.
As a spring flexes up and down there is wear taking place between the leaves. If the inner surfaces have been coated this coating will wear through allowing additional movement in the center bolt area. The additional movement will allow the u-bolts to loosen and soon you will experience either a sheared center bolt or a broken spring. There is no warranty on any spring broken between the u-bolts.
If the vehicle is driven, after three to four years rust will began seeping between the leaves of a powder coated spring.
For a painted spring on a vehicle that is driven, after three to four years rust will began seeping between the leaves.
http://www.eatonsprings.com/techquestions/powdercoatingandchromingsprings.htm