Re: JS100 tremolo Stud repair and paint stripping
Take this with a grain of salt as I am not a luthier, but I don't think that simply fixing the crack with glue is going to do it -- you might have to pull the post, drill the hole out slightly larger, glue in a new piece of dowel, and re-drill the post hole. Use a drill press for this if you go this route.
The reason I suggest this is that Basswood is quite soft, so this kind of problem could repeat itself. The dowel should lessen that possibility significantly.
As for the paint.....you might only get it looking sharp with a trip to the bodyshop. Krylon can work, but it takes forever to cure -- It's non catalysed, so you're looking at it still being soft, possibly too soft to sand properly, for about a month until it's cured fully. If not longer.