Ok. I spent two days playing with various buffers (the rotary and the PC), various pads (the 3M waffles, the CMA finger pads and the CMA variable contour pads).
I tried all sorts of products and techniques, and I still find myself liking the 3M Perfect-It III best of all the products.
I tried:
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Meguiar's DACP
Meguiar's SMR #9 v2.0
3M FI-II
3M SMR
3M PI-III
Menzerna IP
Menzerna FP
Bascially, all of the products appeared to be very similar to one another, especially when used with the PC7428 rotary buffer. I believe the rotary is so effective at cleaning that the actual product plays less of a roll in the performance.
With the PC7336, the products behaved a little differently, but again, they were very close in performance.
I applied each of the products per the manufacturer's instructions, and I used similar buffer technique on all products. Speeds on the rotary were kept within product mfg recommendations. I worked the products until they were completely dry and nearly buffed clean. Residue was then wiped with a clean microfiber cloth.
Each panel was washed with Dawn first, and clayed. Nothing else was done to the panels.
I'm not going to do a huge write-up on it; but I'll summarize here. Take it for what it's worth...
Meguiar's DACP: "flashed" very quickly; left semi-oily feeling finish afterward. Evidence of buffer marks somewhat visible, but I believe it was mostly a result of the oily finish. No perceptible performance difference when using different pads. Residue was hard to buff off, especially the "sling". I suspect Meguiar's has changed their formula, as my last bottle of DACP held the distinction of being my favorite product.
Meguiar's #9 SMR v2.0: Very mild product, left very slight residue behind, but not anything like the DACP. This bottle was bought about 8 months ago; formula may have changed. Fairly easy to buff residue away; slight "film" remained. Seemed to work better with the PC7336 for some reason (slower to flash?).
3M FI-II: moderate flash speed; left surface feeling 'squeaky' clean. Residue was fairly easy to remove, about like Meg's #9. No evidence of buffer swirls; seemed to cut a lot better with the rotary (as expected); easier to control with the PC7336.
3M SMR: moderate to slow flash speed; left surface feeling clean, but somewhat slick. No evidence of oily residue. More aggressive than the Meguiar's SMR, but only slightly. Residue was easy to remove.
3M PI-III: slow flash speed; easy to work with when using either buffer. Worked like FI-II, but left surface feeling polished/glazed afterward. Swore there was an oily film, but fingerprint tests and alcohol wipe shoed it was just a glossy finish. Residue was easy to remove.
Menzerna IP: Similar to FI-II. moderate flash speed, slightly oily finish when done. Surface felt clean, but had minor oily film. Easy to buff off, about like FI-II. Cut ok; could really "get after it" with the PC7336.
Menzerna FP: moderate-to-slow flash speed, about like 3M SMR. Residue was slightly more difficult to remove than 3M SMR, but nothing extremely difficult. Very faint hint of oily finish, but with a few extra buffs, it appeared clean.
I also played with some Mothers Pro products, but I need to follow-up with them some more. Again, none of the products performed extremely poorly; differences were slight between them all. If you're using DACP, keep using it, I just have a feeling the formula has changed.
If you haven't tried Menzerna or 3M PI-III, you might want to consider them. Between the 3 products, I'd probably go with the FI-III, simply because it seems to do the work of both of the Menzerna products. It works well with a random orbital or a rotary (same with Menzerna).