As long as you have good ventilation, or do it outside, dipping in AC1315 is light, clear, fast, and bulletproof.
Unless they are already top coated with epoxy, if I were you, I'd experiment with fast dipping your baits in clean acetone before painting. It will almost certainly take off a fine layer of whatever is on them, and leave you a clean, open surface to paint.
Try one and see what happens. If the paint sticks, the AC1315 will keep it safe.