i just left a record soaking in the usual warm CH3CH2oH/H2o cleaning mix... and sure it has no labels now but I'd rather have a playable record with no labels thanks. The paint peeled off pretty easily since vinyl is not really porous. I suppose it would depend on the type of paint though? This was definately your latexy plastic paint, so maybe a spot test submerging an outer edge is worth a shot.
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aka, my copy of Ridin Dirty on vinyl has paint specs
aka, I spraypainted indoors and played Stress: Extinction Agenda on the turntable