AJ,
The simple answer is yes, IMAQ can be used. However, there are a lot of questions.
How large is the part? If it is more than 1/2" in diameter, you are going to need a camera with higher resolution than a standard camera, which could make it expensive.
Lighting is the other issue. You are going to need quality lighting for a reflective surface. I am thinking you will need a CDI (Cloudy Day Illuminator), but I can't remember which type of light is best for a reflective surface.
Bruce
Bruce Ammons
Ammons Engineering