The Companion has a medium gray powder-coat finish.
You do not need a Teflon lube disc when pulling your RV. Using a lube disc is basically a matter of preference. Some people find that a disc wears quickly and doesn't last very long. A lube disc that is too thick can prevent the kingpin from setting properly in the hitch jaws. The other option is to simply apply an automotive type chassis grease to the top plate of the hitch.