I don't think anyone is actually using "paint", I'm guessing you're looking at epoxy photos.
If so, I am in the process of doing it and I will have a forging/welding/torching/plasma/etc area that will not have epoxy on it. That area will have dye and either no top coat or something thin that I can easily reapply.
In my research fire and stuff like weld spatter isn't good for epoxy. While I don't think it will destroy it, I think it would create a lot of pock marks and eventually start to look like ****. Given the cost of this stuff, that wasn't in the cards for me.
As far as cutting and grinding, I'm not sure I understand what you mean. If you talking cutting metal or grinding on it, I doubt those sparks would do much. I grind a lot of metal and most sparks are out by the time they hit my floor.
That's my thoughts on it. I posted a thread about this a couple months ago, if I get a chance I will try to find it for you.
-Clint