Thanks all for the kind words!
Dalmore: Yes, I did use a rotary and it took about 1/2 day for the exterior.
Don: Thanks! The water spots were horrid. The front end had obviously been repainted at somepoint to a very high standard, IMO. However, I did not cut the hood with wool/aggressive compound because I wasn't sure how much clear I had to work with. So, I played it safe and used a foam cutting pad with light cut compound. It removed ALL the existing buffer swirls and spider webbing, and cut the water spots down so the are hardly noticable. Have plans to go with the owner to a body shop and will have the paint thickness measured to see if it's safe to cut those buggers all the way out.
Fireman, these products are an assortment from various chem. suppliers, as well as PAC (thanks Dwayne!)
The process:
Washed car completely.
Masked trim.
Cut with wool/800 grit coompound.
Yellow foam with 1000 grit SMR
Green foam with Stereo #2 polish/glaze
Blue foam with BC-2
Awesome Gloss applied with orbital
And, of course, Final Inspection with MF
Lots of areas by hand. I took 40+ pics on just the exterior. Will post the final 3 steps' pics tonight. Gotta run...