I totally agree with MJ on the soda blasting.. it's the only way to safely remove old paint without chemicals.. As to bottom paints themselves I'm sure that everyone will have a preference, but personally I like Plasti-cote brand paints. They really hold up to the on and off riggors of trailering, and they don't seem to scuff/leach as much paint onto the rollers as some others I've tried
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1987 V20 w/1987 150HP Yamaha on a Shoreland'r Trailer
1978 16.5 Airslot w/1996 120HP Force on a Four Winns trailer
1996 V21 w/1993 200HP Mercury on a Shoreline Trailer
All towed by a 5.7L Hemi Durango.
If God didn't have a purpose for us we wouldn't be here, so
Live simply, Love generously, Care deeply, Speak kindly.
(Leave the rest to God) 
Silence, in the face of evil, is itself evil. Not to speak is to speak, not to act is to act. God will not hold us guiltless.
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