Doug, I was waiting for Noose or Jairus to post.
I'll tell you my experience with PTEG and paint.
Lots of mixed feelings:
-Lacquer spray paints eat slightly into PTEG, same as they do on Lexan. Maybe even more so.
-NEVER use lacquers on a thin PTEG body, like 10 thou. it will weaken it and make it split. On your thick PTEG you described, like 20 thou, I think you will be OK if you use extremely light coats.
-You are probably safer using acylics on PTEG. Of course that requires you to dig out that airbrush 
-If using inside waterslide decals, the lacquer will curl them. BUT, I have seen a master painter/modeler, Bud Greene, spray lacquers on inside decals and get away with it. He said he started out with VERY VERY FINE mists.
My bottom line is, I'm betting your rattle can lacquers will work fine on your thick PTEG bodies. Just start out light.
Paint a test area first. Don't neglect to etch with 0000 steel wool first, like I recently did, and have interior mounting tape lift the paint job 