Dave,
since you do plan on keeping the car for a year or two and seem to want something more then a ok paint job, this is what I would do then. I know I keep changing my ideas
Still da with 400 then apply one coat of etch primer PPG dx1791. You can apply this over existing paint and filler and
DOES the ultimate job in fighting rust. The DX1791 mixed 1:1 with 1792. All you will need is just a quart as you will get 2 qt sprayable, more then enough to do a car.
Allow 30-45 mins flash time of DX1791 then topcoat with your primer surfacer, be it MP182 or K200 or K36 whatever. Apply three to four coats, depending how many the primer calls for. K200 and K36 can go to 4, I dont know about the MP182 or 282.
After a day or so block it out with 180 if yu plan on priming once more, if not just go with 500 wet.
I did some research on K200 if you do indeed use it, it
MUST be sealed if using DDL(lacquer) any black topcoat, DEU(enamel) and DU(urethane). K36 MUST be sealed for DBC, DBU black basecoat and black SS urethane. Anyway you plan on using SS urethane red.
Red is by far the weakest tint, meaning that the sun will burn out the red tints the fastest. Since SS has no clear coat for protection the red tint will burn out sooner then a baseclear paint job. The best thing to do is NOT skip on the SS urethane, a cheap one will die very quickly. PPG's best SS is DCC, if you do plan on using SS the best thing to do is buy it in DCC. PPG's other SS DAU is not as good as DCC, DAU will burn out sooner then DCC.
All thou it wasnt painted red, but green I restored a 1945 John Deere B for my dad. Half the tractor was painted with DAU and the other DCC because they run out of a tint in DCC. Anyway the DAU bunrt out in about 3 months

, were the DCC still looks like fresh paint 3 years later.
Painting with the etch then urethane primer surfacer will last the longest and look the best. Thats what I would do since you plan on keeping it a year or two and not wanting to dump it.
DPLF is mixed 2:1 for primer. To change the dp from primer to sealer all you need to do is add one part of dt reducer so the mix ratio would be 2:1:1...Eric