I suspect you're right, Ray. When I started to sand mine off (prior to deciding it was worth it to have it blasted instead), there wasn't much evidence of primer. I'll put a photo below that shows how extensive the rust "creep" had become -- look at the metal discoloration; I was getting more & more large flakes peeling off as time went on, very annoying to an OCD person like me!
The other thing I felt was that the relatively sharp edges of the original piece of steel made it so paint on the 90 degree edges was extremely thin-- that's where the problems started. The nice thing about the media blasting was that all the edges became rounded a bit, an improvement, I think.
I thought I'd be able to re-use the old stickers, but it wasn't worth it -- for less than $30 I got a new set from AGCO. The red powder-coat paint isn't a perfect match, but it's close enough for me. Result was I'm happy, and it shouldn't have any paint peeling & rust issues again... at least that one part!
BTW -- you can see this was done in 2017; I got the tractor in Feb of 2008.
View attachment 719943 View attachment 719944 View attachment 719945