OP,
Until you do your test spots, that is SPOTS, as in more than one... you are just not going to know when the paint is LSP ready.
Micromarring is easily done, with the wrong pad, wrong speed, on the wrong paint. Even if you have the right product!

Not enough correction is another matter you'll need to address. Again... that's in the test spots.
Do your testing for how you want to get the compounding done. Do NOT finish them all down right away, just work on the compounding stage. Tape the hood off into say 6 areas. Do 3, something like: white pad - speed 5 - UC - 4 passes - medium arm pressure - medium arm speed. Then orange pad - speed 5 - UC - 4 passes - medium arm pressure - medium arm speed. Then say, orange pad - speed 5.5 - 4 passes - heavy pressure - medium speed. So on and so on. The trick (in the beginning) is to only do the same amount of passes, just changing up your compounding product, or your pad, or your speed. Because you WANT TO KNOW what just that amount of passes will do on JUST THAT PAINT. You can always go back and do more passes!
Once you get the compounding done where you like it, THEN you start polishing. Take the next 3 spots, compound them all the same (the process you worked out in the first spots you did) then experiment on how the polishing process works for you.
I agree to get the paint cleansing polish, but KEEP the Eraser! PBL cleansing polish works, but is a royal pain to remove completely if you let it dry just a little bit. Wipe it with one hand and remove it with the other!!!!!!! I cannot stress that enough!!! When we're doing it as a team, one will apply and the other will be right there removing it. Let it dry and it'll stick like cement!

If it doesn't want to come off, put more on, wipe it GENTLY or you're going to end up with RIDS. Use Eraser to clean it up a bit if you need it.
Personally.... I can't stand to, and WILL NOT apply a coating with a round foam applicator. One, it soaks up TONS of product. Two it'll then apply product unevenly. Three, see One and Two.
Get the suede applicator cloths from Car Pro. Nothing applies coatings like those things do, NOTHING! Use um' and throw um' away. :dblthumb2: One note, they'll sell you a 10 pack of 4"x4" ones for $12.99 but you can buy 10 16"x16" ones for $19.99 then take some pinking shears (they cut a zig zag pattern) and cut ONE HUNDRED & SIXTY 4" cloths from that package.

Cut some down to 8" squares and use them for glass, cut more down to 4" square for coatings.
Coatings are tricky to install, although not impossible. But the real trick is the prep. If I were new at polishing paint.... I'd get that down right. Put some sealant on it and it'll last months. Then you can always go back and polish it more, have fun with it, seal it again.
Polish it again, and again for that matter to where it's 100% ready for a coating.