Re: Painting My Trailer - fresh and salt water
SDSeville, I'm in the same boat as you, painted steel trailer used on salt, current rig not worth expense of replacing with galvanized (next rig will have that, though!). I dip the trailer in the Bay twice (sometimes 3x) a month.
I wirebrush off all the flaky paint, rust and scale with a 4" angle grinder, rough up the rest with a wirebrush on a drill, lay down a brush coat of that reddish "Rust Destroyer" primer, then two brush coats of Rustoleum. In the interim I touch up with Rustoleum rattle can. And I make sure I coat all the moving parts (springs, shackles, etc.) liberally with white lithium spray grease. And I have a couple 5 gal jugs of water to rinse trailer after launch, then a good hosing when I get home. Even so, I have to repeat the strip and paint process every three to five years; but the trailer has held up well for the 8 years or so I've had it. I just completed my third round of this trailer resto...there will not be a fourth as I am tired of it!
EDIT: I do have galvanized: wheels, jack, winch, etc. and I touch those up with the cold galvanizing spray. I considered that spray for the whole trailer, but as was said it doesn't stick well to old paint, and can get scraped/wiped off easily if the prep isn't 100% perfect, so I didn't think it would do any better than Rustoleum in the end. And it would have cost a lot more than a gallon can of Rusto.
EDIT 2: And before anyone says "you can get a galv trailer for a couple hundred bucks"...Not in Southern California you can't.