I went with the cold blue for now, with the notion that it would be easy to paint over the blue later. And I already had a bottle on hand. The powdercoat sounds like a good idea, I'll have to check around and see who does it locally.
The bluing actually turned out much better than I expected. I've had a little experience with it on a smaller scale, so I've already made most of the common mistakes before. This is my biggest single cold-blued piece, surpassing my 'Powderkeg' handgonne by a good margin.
I haven't had a chance to get a really good closeup photo since I blued the barrel, but here it is "on the job" (complete with BP fouling):
As for the hardware, with the exception of three brass parts on the elevator every single piece of metal on (or in) the sled is
$tainle
$$ $teel. It's not going to rust and I'm in no real hurry to paint over my investment. I may change my mind later, after I've gotten my money's worth.
I do plan to bead blast the trunnion caps. I was going to give them a high-polish but I think that they're too large for that and will give off a lot of glare.
I put a lot of polished brass on the field carriage for the Napoleon and even though it's beautiful (when it's clean) I paid for it with high maintenance. I won't make that mistake again.
I'm glad I took your advice on the finish, I really like the Watco Danish Oil. The tung oil is nice but a real chore to apply (long dry time, sanding between coats).