I painted mine over a year ago.. just froze the screen and used that visual for overall paint schemes. Haven't used them in a game, just have them on display in the living room. All of them have balance issues due to weight or odd configurations. Like Burger sez, brass rod. I've got mine on weighted bases, large washers or sheet metal under the plastic flight base.
For blinking lights, I used flourescent paints on top of a base color. Not perfect but functional.
The Darkknife I did in white primer, overall base color was Model Master metallic graphite, "wings" I did in Vallejo gunmetal blue. Smoke inkwash over most of it.
the Lordship was done in black primer, followed by drybrushes of two grey colors, one light, one darker, then smoke washed.
the Thoughtforce was done in primer white, given an overall yellow ink wash, followed by drybrushing flourescent yellow and vallejo sun yellow. I gave it a very thin ink wash.
The Traveller is kind of a pain in the butt to put together. I think I did a black primer on that one followed up with drybrushing of two or three different shades of brown. Ink washed it then did the "lights" with various bright primary colors topped off with flourescents.
the Triumveron was just black primer with light grey and silver dry brush coloring followed by a light inking.
Lots of work for stuff that doesn't get used. Pretty to look at though