Sorry guys, I forgot to get back to this post again.
I cut some fret off of my PE parts, cleaned them with alcohol, and then painted them three different ways using Tamiya acrylic:
1) Sprayed with Krylon enamel primer (I used Krylon instead of model-type primer since it supposedly adheres to metal)
2) Dunked in vinegar for about a minute
3) Bare naked metal.
To be honest I couldn't see any difference. I twisted all three pieces into tight little bends and none of them flaked or chipped at all. It could be the acrylic paint. That stuff doesn't really dry that hard, at least not like enamel, it remains somewhat flexible. I've used it on vinyl cartridge belts and twisted them all over the place without it flaking.
I haven't actually done the belts for my seats yet, but will probably just go with the vinegar trick to be on the safe side.
Here's a picture. The piece on the left was primed on one side and bare on the other side as indicated by the arrows. The piece on the right was etched with vinegar. Note that both of them have pretty tight radius bends and there is no indication of flaking or chipping (there is one place that is chipped from the tweezers but I don't think it shows in the picture).