Product review (5 stars): Great DIY project!
I spent a couple of (long) mornings this weekend repairing two dishwasher racks using this product.  I read the other reviews saying that it dried quickly, so knew what to expect.  I'm glad I got this particular product because it contains 4 oz. of the vinyl paint, versus only one-half to one ounce for the others.  I used nearly all of this on my racks!  It also comes with 150 of the tine tips and I used nearly all of them, too.  I worked on a shady patio, out of the breeze, and used a large piece of cardboard to protect the patio rug.  I removed most of the rust using a metal file, a grinding stone attachment for my drill, and lots of colorful language.  It would have been easier with a Dremel-type tool, but I didn't have one.  The bottle of paint has a nail polish kind of brush, which worked well for applying several thin coats to the bare metal.  I would work from side to side and back again, then flip the rack and hit the other side.  I also used the brush to drip a drop of the paint into the caps and then apply them to the tines using a smooshing (technical construction term), twisting motion.  Wear latex or vinyl gloves, because there is a warning about getting it on your skin!  I've used my dishwasher twice since it's been repaired and all the paint is still there.  I'm thinking that this will give our dishwasher another couple or three years of service, so it is definitely worth the $20 purchase price.