I have a black car. FI-II by hand left a considerable haze. FI-II applied by machine left a considerable haze too. Then I figured out that (as stated above) you need heat, time and work to break down the abrasives into finer polishing compounds. You could probably do this by hand with a lot of time and elbow grease, but I know there's no way I could do a whole panel, let alone a whole car, before my arm fell off. Get an orbital. Then apply as follows:
1) work on a relatively small area at a time. Divide your hood in 1/4's.
2) Apply 1 quarter-sized dollop of compound to a foam "cutting" pad - i.e., a stuff foam pad on your orbital. Set the orbital to its highest speed.
3) Place the orbital on the car, start it and distribute the material around the entire section you plan to work at speed 4. Stop, re-set the speed to 6. (Full on).
4) Now begin to work it. Apply a good pressure to the orbital - you should hear the motor load down a bit. Advance very slowly, overlap your previous pass by half. when you've completed the whole section, repeat this at a 90 degree angle to the 1st pass, and then do this two more times.
5) Now the material should have dried and thinned significantly. Reduce pressure - make 4 more passes. Reduce pressure some more - at this point the weight of the orbital is about right. Make 4 more passes. Now support hlaf the weight of the orbital and make 4 more passes.
6) Stop and buff off. The FI-II residue can be a little hard to remove competely - don't try! some of the dust will contain undiminished abrasive - lots of rubbing increases the chances of re-scratching the car. Use detail spray to help lube and clean. Don't worry about getting it completely clean - you're going to follow this with SMR or glaze anyway, right? Let it finish the cleaning for you.
That's how I did it, and it worked very, very well. Now if you think you can duplicate that effort by hand, have at it. But I think you'll be both sore and sorry.