Do you paint your engines fully assembled?

If there's one thing for me that says 'quick & dirty' and 'taking the easy way out', then it's an engine that looks like it's been dunked in a bucket of paint.
When I see an engine painted all together with bolts and all, I start to wonder how many other easy shortcuts have been taken during the build.

For me, seperatly painted engineparts and clean bolts give a much better the appearance the builder has had some pride in his work and had an eye for detail during the build.