I rushed to put some paint on the first twenty of my converted Siamese figures just so I can see whether my experiment is going to work at all. Here's a peek at the two figures that appear to be furthest along in the painting process.
I shall tweak the color palette a bit and repaint the red/white belt to a scheme that looks a tad more plausible. I apologize for the slight but annoying sheen as the figures have not received their matte varnish coat yet.
These are the helmets that were made with the eyelets, which make them appear a little too tall perhaps. On the positive side, the "brass bands" are just the eyelet flange and do not need to be put in especially. Maybe okay for mass production purposes? They do seem to paint up nicely, as they say.