At the lower temperatures we're dealing with (180 ºF -ish ?) I find it hard to accept the cost benefit of expensive ceramic coatings -- maybe at 1500 F it starts to make sense, or on a competition vehicle.
As far as color, BLACK is the best at radiating & eliminating heat (just as it is the best at absorbing heat) -- it gets closer to an ideal "black body" behaviour.
Which direction the heat energy flows will depend on relative temperature differences -- a black car quickly gets hot inside because the outside air temp is hotter than the car, and sunlight is also absorbed more efficiently. In freezing winter conditions, a warm car interior will cool off faster if the car is black!
For keeping heat IN (exhaust headers, turbo, etc), light reflective colors (bright aluminum, white, etc) accomplish that best. Heat will be reflected back IN to the pipe.