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You seem to be ignoring the mention of water, so the cheapest concrete paint is what you want because no amount of money will stop that water long term with paint on the inside.
I appreciate your concern however my original inquiry strictly related to paintings/primers, not foundation repair to seal miniscule cracks in a 51 year old house. Talk about turning a $1,000 job into a $30,000 job - I never asked for that, sorry!Always, there is a correct way and incorrect way to do any task.
You appear to have a plan; what you will not do; that negates certain proprieties.
Follow through with your plan, take pics, and share new successes with us.
And I thank you for that - I took at look at SW Loxon last night, I see it is a high quality coating for exterior concrete and masonry for high-rise oceanfront condos. I'm sure it can withstand the elements of my basement 😎Could have sworn i gave the easiest answer already, along with a product suggestion. You don't need to remove the paint that's already there. If you don't want to epoxy, you'd use the same product, Loxon, on the floor. You can leave it as is, or paint it with any color of paint you want. They can also tint the Loxon if you ont want white and only want to do 1 coat.