As an added note, I found this photo which was taken after the 4th coat, but BERFORE wetsanding. Compare this with the final results (see above) and note just how much the wetsanding knocks down the orange peel.
One final thought (promise): Seeing the images all together, especially seeing the image above before wetsanding, I really think the results from a more thorough wetsand (400, 800, 1200, 2000) and then one FINAL thin coat might produce some very nice results.
