Actually the CVO paint isn't any more "hand painted" than most other paint jobs. Most if not all the graphics are the result of appliques or die cut masks, not some guy freehanding it with masking tape like you see on those Foose custom car tv shows. I'm not familiar with the facilities at the vendor for the CVO painted parts, but the odds are much of the actual spraying is probably done with hand held spray equipment versus robots or automated equipment, so if that's what you mean by "hand painted" perhaps you're correct. One or two models over the years claimed to have hand painted pin stripes, but most are actually the result of those appliques or masks I mentioned earlier.
If you're intimating that the CVO's really are custom bikes, you need to adjust the definition of "custom" a huge amount to make that true. When you make 1000 to 5000 copies of something, that's not a true custom. If you wanted something closer to a custom paint job from Harley you would need to buy one of their numbered paint sets from the catalog. Instead of thousands, those are usually limited to around a hundred sets. But if you want to tell a friend or acquaintance who isn't terribly knowledgeable about CVO's that you have a "custom" bike to impress them, it's no skin off my nose and I won't be around to call you out, so go for it.
Jerry