Paul,
If you drain your cooling system, you will get 8 to 10 gallons of coolant out, but if you just disconnect the hose you will get less, depending on how much the hose is above the bottom of the radiator. Your choice in paint sounds very adequate.
If you can stop the leak by tightening the hose clamp, and you are nearing coolant change time, it would be easier to change the hoses and repaint the needed pipes at that time.
Gerald