One of the best writeups I've ever read. I followed it on my heavily oxidized 1995 3200 SCR. It came out looking like glass. Folks in my marina cannot believe its a 20 year old boat.
Tips For Compound, Polish & Wax - SailNet Community
I went with the 3M products initially. Good stuff. Get a good buffer, one with thumb controls for speed and no load feature.
Wet sand is key. Buy plenty of it, it doesn't last. I went 600 grit first, then 800, then 1200.
Then 3M super duty cutting compound and a good wool pad.
Then 3M Finesse, with another good wool pad meant for polishing.
Followed up with the Collinite 885 Fleet wax, using the water spray as recommended, hand buffed (not machine buffed). Two coats.
Took me several weekends, this work takes time, it cannot be rushed. Done right, it will shine for years with only minimal upkeep each year and a good waxing. Good luck.