'Rust' for exhausts seems to be one of those long-held tropes for modeling---but it's mostly wrong, especially for service aircraft. Depending on the machine in question, colors range from steel to dark black/brown metal tones. I'll usually basecoat a charcoal grey---drybrush with a lighter grey for tone and highlighting---then lightly drybrush with a bronze tone, for a slight metallic feel.
As noted, good color photos are your best guide; but it's better to go by 'real' photos, rather than models, unless you see an effect that looks good, and want to reproduce it---nothing wrong with that.
Cheers