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The old deck floor was painted with gray porch paint. It is peeling and doesn't look very good. We recently added another 2/3 surface area of new deck flooring. I'm thinking solid/opaque stain will be better than paint. What do I do to the old painted part to make it blend. I thought I may have to sand, strip, or blast it off. I read somewhere that opaque stain can be put over paint. Should I stain or paint the new part and how do I handle the old peeling paint part.

Same question with the posts and railing I have some new sections and some old sections. They are mixed in hodge podge with the old sections being white paint. Should I just paint the new rail sections or is there some option with stain that I should consider.

Thats a Callaghan Question...
But in my experience its really hard to get old and new wood to match.
I replaced a few board on my deck and am just waiting for them to weather.

What a coincidence! Just so happens that this has been my pet project this week. Researching the best way to preserve my front porch. I even made a special drive today to Home Depot just for that research. Here is my results.
I saw a deal on TV two weeks ago about this great stuff for decks and porches. It's called "DeckOver" by Beher. It claims Solid color coating, Conceals splinters & cracks up to 1/4 inch, Resist cracking and peeling, good for wood or concrete, meldew resistant, slip-resistant, used also for railings. Cost is about $34.00 a gallon. Comes in over fifty-five colors.
Might be what your looking for.

A little off subject, but I just bought an enclosed trailer and it came with a bare walls and floor and I've been trying to figure out what would preserve the wood and still look good.... DeckOver might be exactly what I'm looking for.