Smooth, Fred, SMOOTH! 
The advantage to my approach is that I'm using up some old, but expensive paint ($100.00/gal) which is just taking up room on the shelves in the rather messy garage.
The disadvantage, is that I'm doing this all by hand. Brushed, and sanded. The results are a stunning appearance, without the extreme perfection of sprayed lacquer. (Yes I could do that, but I'm not in the mood for that kind of mess and clean up). And hand work requires a lot of time. Last night I was hoping to get a base coat of blue on the back and bottom of the main speakers, but I was too tired by the time I was ready to do that, so maybe tonight.
Also, this paint is all alkyd (ok, there's been a little acrylic involved but only a little), so there is a LONG drying wait between coats, and I like to sand between coats, so there many coats, and much waiting.
Hey, but it's therapeutic.
Right now I MAY be bringing the speakers up to my office in Addison for auditioning purposes. My boss supports bringing them in, but we have to sneak them in (not supposed to have such sound systems in the building), So, it would be after hours. If we did that it would be for Stereo, not the full surround, and I might bring the subwoofer, although it's
rather heavy, I'm not sure if I want to try to move it.
More updates coming as we get closer, and I still need to make the grills to keep little hands from being too tempted.