You can clearcoat with a flattening agent.A few words of caution about going with a flat like a rat rod. I was going to paint my Hot Rod Flatz Gunsmoke Metallic. HRF 278 - Gun Smoke Metallic However after doing a search on it on the web, a lot of hot rod websites said that flat colors are nothing but trouble as any oil that you spill on it will never come out because of a lack of a clearcoat on top.
Also the single stage paints like the one above are nothing but premixed repackaged PPG low grade paints to be used in industrial repainting. Any single stage paints are to be avoided as they never lay out like you expect them too. I love the way that Gunsmoke Metallic looks and will probably still get it painted that color, but I am going to go to a jobber paint shop and get a 2 stage paint system and have them match that color. But that is a ways off.
Interesting comment. I'm not sure which paint you are referring to above. BUT, you can buy cheap 2 stage systems just like cheap single stage paints. You can also buy better single stage paints as well that last for decades.
The finish you get with the paint has nothing to do with it being a 2 stage or a single stage. Its about application, skills, and equipment. You can get some pretty nasty looking clearcoat jobs as well as single stage paints. Just because its a 2 stage, it does not equal a good paint or good paint job.
The advantage I see in the 2 stage paints is that you have more room to correct mistakes along the way. For instance, you can sand out the color coat if you have a problem like a run or sag and then recoat the panel or area if needed prior to laying down the clear. If you make a mistake in the clear coat, you can sand/buff out orange peel, runs and sags and as long as you have a good layer of clear down, you will not affect the color. This is a problem when trying to buff out a metallic or pearl single stage paint.