Thanks to the many how to posts on here, I decided to go ahead and do this today since my faded out grey flares and valence looked pretty bad.
I got all the flares off fairly easy, had ordered a new box of clips but only needed about 5 total of them. Also got new push-pin/tree fasteners since its easier just to cut those and replace them than fight with them. Sure was dirty under the flares, I cleaned them all up and put a coat of wax on the areas that they cover. Fortunately, no rust anywhere. This truck is suprisingly clean and rust free even underneath for an Ohio truck.
Got them cleaned and painted with about 5-6 thin coats of Krylon Fusion satin black. In the second pic, you can see where I hadn't yet done the front valence and the difference in color.
Instead of fighting the bolts under the bumper to get the valance off, I just un-bolted the bumper and took it all off. Easier access that way. While that was off, I got out the wire wheel and used some of the POR-15 I had left to paint the bumper brackets, tow hooks, and some other stuff in the front frame area that looked kinda grungy. In this pic is my brand spankin new A/C condenser that I had to replace recently....always something!
All done...looks alot better! Just need to wait on the neighbor or the wife to get home to help me re-align the front bumper.