I remember one time I had a radio with lots of tubes (valves for you UK fellas) in it, and there were metal shields over the tubes, so sort of shiny. I painted the tube shields black and I couldn't believe how much cooler the tubes were, you could touch them with the flat black paint on the shields. Without they were so hot you couldn't handle them. Color does make a big difference in radiating heat, but on the Norton, it's probably not such a big issue since most of the time you're going down the road and there is plenty of air circulating. I would doubt if you could make the barrels or head so shiny that the heat doesn't get dissipated. It's probably the same argument about powder coating the engine parts.
Not that I would do that.
Dave
69S