This is awesome! I rewrote EP to use OpenGL (instead of IrisGL) while at SGI, though in retrospect I wish I'd just made it link against Igloo (SGI's IrisGL-on-OpenGL wrapper library). We were moving to supporting commodity graphics (i.e.: not an SGI graphics chip) in IRIX at the time, and I ported a bunch of the IRIX desktop tools over. Electropaint was definitely the most complex IrisGL app that I ported as part of that...
It's super weird that this port is a Windows app, though!