There are probably more suitable engineering materials for doing that, it would/should suit DIYers, but not professionals where time = money, for some DIYers, a bit more money can mean saving money!
Edit:- my 2011 S4 that has alloy uprights etc is fitted with unpainted alloy brake covers, many of the alloy brake covers that I've seen pictures of, look a lot like they have a coating/paint on them, so maybe VW Group are taking steps to minimise this being an issue on cars that have ferrous uprights. VW Group used to at least always supply "green" coated/dipped bolts for use where aluminium alloys existed near ferrous components, these brake cover bolts are certainly coated with something, not the translucent green coating of the past, but a darker coating, although that might just be a typical corrosion protection and not protection against dissimilar metals being in contact.