mike just did a good thread on doing a test spot in the how to section
http://www.marine31online.com/forum/showthread.php?t=58
do you have an assortment of pads already ? good to have numerous orange & white pads for compounding and polishing . red pads are good for spreading waxes, sealants etc. have you looked at the marine 31 line of products yet ? they have everything you could need. they always recommend starting with the least aggressive method/products and going up from there.
p.s. those are seriously nice boats.