As one who used to make aircraft exhaust systems for a living i will offer some advise and observations.
Exhausts also suffer discoloration from the heat that is passed through them. Where the exhausts are closet to the engine I would do these as a darkish grey if you have painted the exhaust with Testors Model Master - burned iron. Also make that darkish grey a matt colour. This will help to show the layers of metal that start to flake off. Also this happens ay clamping points of an exhaust pipe. This is because it becomes a hot spot and also it could be from 2 metals that are not the same causing an electrolytic reaction. The heat helps with the process.
Ends of exhausts can be weathered to reflect how the engine is running. Either rich or lean. Use black weathering powders for a rich running engine. And a grey, even light grey, color for when it is has been running lean.
Weather the exhausts with rust colored weathering powders. Do this very lightly. This will give the affect of the hot pipes having cooled and some rust has formed in places…
All the weathering as above should be very subtle.
Some examples to help from the real thing… Taken from
Rosebuds site
http://www.earlyaviator.com/archive1.htm
You can see a discoloration in this pipes ion this Spad… the light color would indicate a hot spot.
Shuttleworths SE5a. Again you wills ee some discoloration this time on the insides of the pipe near the end. Taken from
http://www.airliners.net/search/phot...nct_entry=true