To start, I removed the latch mechanism from the car body. This included disconnecting the latch release cable from the mechanism, which was crimped in place and took some time to release. I then used a wire wheel, sandpaper, and acetone to clean the area and prep for painting.
I sprayed the body area with Rustoleum Pro Satin and soaked the latch mechanism in Simple Green to remove 40 years of dried dirt and grease. While I was waiting for the paint to dry, I also removed the hood latch for disassembly and cleaning. I then returned all parts to the car using new stainless fasteners and re-aligned the latches. I now have a smooth hood latch that no longer pops up unexpectedly, is easier to release, and looks much better.