Spuzz I am not a fan of this practice either (graphite shafts) because sometimes when you cut off the ferrule for a reshaft, the epoxy takes the paint off with it.
I don't cut ferrules off on a reshaft. If you cut them off you can remove paint starting at the top of the ferrule with the knife. I heat the ferrules with my butane torch then grab them gently with some pliers and twist them up the shaft. Pull the shafts and clean off the old epoxy then just slide the old ferrule off.
