I followed the steps outlined by 'Main Sail' - to the letter
- as outlined here:http://www.sailnet.com/forums/gear-maintenance/52772-tips-compound-polish-wax.html
The products I used were:
3M sandpaper 1000 grit
3M Marine Rubbing Compound
Presta Ultra Cutting Creme
Collinite #885 Fleet Wax Paste
Makita model 9227C buffer
3M heavy wool Hookit Superbuff pads #05711
3M professional grade foam pads #05725
The finish wore off some at the bow where the mooring ball scuffed against the hull. Didn't notice any oxidation. This spring I plan to strip last year's wax with dish soap, touch up scuffed spots with Presta Cutting Creme & Presta Chroma, then rewax. Should take only a few hours (I hope). I'll let you know how it works out.
Hope this helps.