Are you talking about air brushes used for cake decoration? Or some sort of pump to dispence dough or icing?
The idea of the Peristaltic Pump (found out the correct name) was as a alternative to the wire in the wire jet. The wire probably can meter out smaller amounts of paint but the pump should be easy to build, is pontentially less messy and clog free. - I'm just throwing it out as a Idea.
5 microlitres times a paint coverage of 7.5m^2 per litre (300 square feet per galon) is 37.5 mm^2 or a dot about 7mm diameter. About 3 or 4 dpi thats, a little low but it's damm close to what is required gearing down the stepper, using smaller tube or diluting the paint or similar techniques would make it feasible.
One possible advantage would be you might be able use the same jet for all four colors with 4 tubes going into one venturi.