That's right. We used to strip the paint or lacquer off our motorbike engines and then polish them. They lasted ages like that. Aluminium protects itself with a thin oxide layer, but when water gets into a crevice or under the paint, the oxygen can't get in to oxidise it, so you get fierce corrosion, which lifts the paint and continues onwards. Aluminium has to be 100% sealed or 0% sealed to stay good.