In tank overflow cover? Only issue I could really see would be the gills of the overflow getting crusted over with coraline over time...and if they are not cleaned, the water which would typically go over the top, wouldn't have anywhere to go. Is this a sound issue, or a visual item you're looking to overcome?
As for the paint itself...I'm not sure it would actually last. Salt has a way of getting into that, and may chip it off over time. If it's a must, why not just buy black acrylic? I can't see a few dollars being worth the piece of mind on this one...