Hi Hutzelbein!
Before using any of these very strong solvents, a few cautions:
1) Use them outside, with plenty of ventilation. I set up a fan once when I did this outdoors on a day with still air.
2) I wore my 3M charcoal brazing mask. And eye protection. And two layers of nitrile gloves taped to the sleeves of my coveralls. The MSDS (Materials Safety Data Sheet) for the Permatex 80646 is here:
http://www.permatex.com/documents/MSDS/18_GHS-English/80646_18.pdf It contains Dichloromethane. Not as bad as the 1-1-1 Trichloroethane I used to work with, but nasty stuff just the same. If you get *any* on your bare skin, stop everything and wash immediately.
Unless you wish to remove all the paint from a frame, I'd suggest doing a section at a time, positioning the frame to make sure any runoff doesn't get on the paint you wish to keep. Masking is problematic because the solvent can creep under the adhesive and make a mess. Best way is to avoid the need for it. When I have masked, I had the best luck using extra layers of paper masking tape, but it is best to avoid getting the remover on the tape if you can avoid it. The best way to do that is through spot-application.
I would suggest forming a cone out of a sheet of printer paper, taping the overlap and leaving the bottom open a centimeter or so to make a disposable funnel. Get a small, low glass jar you can dispose of...maybe a Marmite jar if it is glass. Put the cone in the jar, spray the remover at the inner part of the cone, and let a small amount of solvent collect in the jar. Work fast before the VOC's (Volatile Organic Compounds) evaporate. Use a natural brush (boar bristle or horsehair; plastic will dissolve in the solvent) to place the remover where you want/need it. Try to do a section at a time and hang the frame so no drops will fall onto the powdercoat you want to keep. For example, if you wish to clean up the steerer, make sure the dropouts are up. For brake bosses, make sure the opening is down so the solvent will run off if it drips at all. A wire coathanger through the mudguard braze-ons works great to hang the fork from a tree branch or cording so you can work freely without runback.
I've had good luck using a combination of steel spatulas/putty knives and thin 3M Scotchbrite pads to lift the dissolved powdercoat off the surface. Once it has bubbled free, it really is easy. Leave it too long, however, and it wants to sort of turn back into powdercoat and can be harder to remove. The ideal time is when it starts to form bubbles that lift off the surface.
If you run into any problems, give a shout. It takes a little time and patience for the chemicals to work, but almost no labor compared to mechanical removal methods.
Best,
Dan.