I do sometimes, either with AC 1315 or Solarez UV cure resin.
Mostly when I've painted the lip with craw claws, like with Wiggle Warts,where the bait looks like a craw swimming craws first.
Both protect the paint and seem to not peel at all.
But first I dip the blank, unpainted, into clean acetone, to remove any surface contamination, and some of the sanding marks left from the manufacturing process. I also think it presents a "virgin" plastic surface for painting, because it removes a thin layer of plastic, so I can paint directly on the plastic with no primer. That lets me do transparent paint schemes.
As a side note, I use the Solarez when I've heat bent the lip, to give it a little more reinforcement, in case the heat weakened the lip.