I don't think it's a real problem Greg, powdercoating is usually impervious to brake fluid, so I can't see that it needs to be removed. The sandblasting will only remove a tiny amount of material, and the powdercoat has probably replaced more than the sandblasting removed anyway, so the chances of fluid leaking past the seal would be minimal once again.
If you've ever had a leaking seal you know right away, by the lack of lever pressure (spongey feel) and the pool of fluid on the ground anyway, it's not something that happens suddenly. In fact I've known guys with leaking seals to just keep topping it up, while waiting for parts to arrive (Brit bikes particularly) sure, your braking abilities are reduced, but you'll still have some brakes. I don't recommend it, I've just known it to happen.
My only concern would be that the square groove for the O ring is totally free of old sludge, sand and loose powder, as this will distort the seal and allow it to leak. Would I use the caliper myself? Yeah I would, but there's a lot less to run in to in these parts, ha ha! Cheers, Terry.