That's for the entire handgun and two magazines. The 20 bucks is for additional return shipping. When I spoke to him, he went into great detail and stated the the entire gun is disassembled, cleaned up, and then every part is coated in his Black-T or OD NATO Green T finish. The only thing that he doesn't coat is the inside of the barrel. He stated that the finish allows for you to run without a lubricant, but he did state that you could add it too. Cleaning should be a breeze, just wipe an oil dampened cloth over the finish and it's clean.
The only negative things I have heard about the finish is that it's not all that "tough" and tends to scratch. Just think of a teflon coated pan and you get the same idea.
I have been considering it for my 1927 Sistema which has no finish left. I figure a good Black-T coating will make it pretty.