coming along nicely sam.. funny that you are going red and white. my bro's wagon is that route too. here's a pic of the red when we painted the engine bay.
we are also going to break the colors right at the roof line, then again maybe just the roof itself white with the pillars red(actually strawberry).
also here's another way i saw a two tone broken, at the hip line that travels down the car. we considered it, but will go more the route you have planned.