2nd attempt at color (wet) sanding and compounding. The tape is to prevent burn-thru on sensitive areas (edges) and to protect the pin striping.

The process involved wet sanding with 1000, then 1500, and a 2000 grit sand with  a final  3m triazit 3000 grit. Then machine compounding with a wool bonnet at about 1800 rpm. Then machine foam pad polish application and lastly a paste wax application and hand buffing. All told about 42 hours of work with a spectacular result, see bottom photo.

All of the swirls,  orange peel and most of the ripple effect is gone, leaving flat smooth panels and boy does it shine.