Just go for it like me.....except I've decided to do a Jazzmaster instead. Have you checked out ReRanch yet, for the finishing supplies?
The hardest painting ####e I ever had to do was w/ a fiberglass subwoofer enclosure I made. The actual primer, paint, clearcoat is EEEAAASSSYY compared to the amount of sanding and contouring I had to do w/ body filler. You won't be using crap like Bondo on your guitar and sanding, if any will be minimal!! GO FOR IT!