Blasting isn't required but cleaning the bare metal is. I just used AlumaHyde II on a lower and rail yesterday but they were anodized. The lower is old and the rail is new. I sprayed them down with a new can of brake cleaner. Make sure you wear non-talc surgical/mechanic type gloves and don't touch the parts with your bare hands after you clean. I did a ton of research on using AHII and here are a few tips I picked up. I'm assuming you've spray painted stuff before and it came out well.
1) Heat the can. I put it in a large ziploc and put it in a pot of the hottest tap water that came out of my sink. I left it for about 10 mins, dumped the water and filled it again with hot water from the tap for another 10 mins. I kept it in front of a space heater the whole time I was spraying the parts. The nozzle will clog if it sits for too long (more than 15-20 mins). I was able to clean it with mineral spirits but others suggest getting extra nozzles. Shake the can. When you think it's good, shake it for another 2-5 mins. Keep shaking throughout the spraying process.
2) Warm up the parts to about 90°F and try to keep them about that temp while spraying. I went about 15-20 mins between coats and used a hair dryer to keep them up to temp.
3) Distance matters. If you want a glossy finish, spray at around 6"-8" and heavier on the last 2 coats. I was spraying at around 12" and got a flat, almost gritty finish which is what I wanted. I started with a very light coat that barely covered the part. Same with the 2nd coat. I went a bit heavier on the 3rd coat (maybe 3 passes at about 10") and a light dusting on the last coat.
4) Let it cure for 10-14 days. This is all from what I've read as this is my first experience with AHII. Some were too impatient and those are the guys that usually say that AHII isn't that durable. The guys that let it cure for 2 weeks are the guys that say it's better than Duracoat. Some say freeze it. Some have stated that multiple heating/cooling cycles will help speed the curing process. Ultimately, most agreed that letting it cure for 2 weeks is the only sure way.
I'll probably grab my coated stuff later today and throw them in the oven for a couple of hrs and then let them sit for a couple of weeks just to make sure before I assemble them.