Consider brush painting, the results I have seen posted here have been very impressive. Paint seems to come out quite smooth and glossy. No wasted paint, plus you can do it indoors. And one 15 dollar quart can could probably paint several bikes.
I don't know what types of aerosol paints you have available locally, but much of it these days is very poor quality. I have seen some Spray Bike paint jobs, and if you look closely at the texture, it's quite rough, flat, and bumpy, almost like stucco. I was not at all impressed, but some people find it adequate. I guess it depends on whether you're happy with what's called a "5 foot paint job", that looks good as long as you stay 5 feet away.