Has anyone restored the red center cap to a Chrysler Cordoba aluminum wheel?

Looking for tips on restoring the red center cap plastic on this wheel chrysler wheel.jpg cap1.jpg The red and silver paint has peeled of the interior face where a gasket behind it probably caused the damage from water and salt cap2.jpg cap3.jpg
The original paint does not come off easily, I have tried brake cleaner and laquer thinner, but it did not work. Would sanding with 1200 wet and dry work with no real damage?
I plan to repaint the cap face with a similar dark red metallic auto...

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Author: vlodarty