A. Trust me - If I were u, I wouldn’t do that.
A / C. I believe that any one who is capable of understanding the teachings of Buddha has equal rights irrespective of the gender differences. Buddha didn't ranked human beings based on their gender. Painting a statue of Lord Buddha is one way of caring, showing your gratitude and is a great deed. So, it should be okay. However, it's only worldly point of view.
A. (Especially in this case,) Forget about egalitarian or gender equality. Remember, there is a great tendency in women’s mind towards male body; as it is a sansaric / samsaric canker and still being a cankered woman, there is every possibility to arise it whenever causes are there. Don’t forget that there is no personal control over it, reasons cause fruits. Imagine – it would be a heavy sin.