OK CC268,
In my Amazon cart I currently have 6 each of orange / white 6.5" pads and a red foam waxing pad. I also have some Collinite 845 in the cart. Would that be comparable to the Mequiars 205?
Trying to figure out what polish / wash / pad / etc. to use with each "phase" of this process. My paint is in really good condition and actually has some (dull) shine remaining. I would not classify any of my paint as having oxidation. It's been 100% hangar kept and if it sees sunshine it's because it's in the air. It honestly probably doesn't even need much attention but I like being proactive.
I recommend the Lake Country 5" backing plate with 5.5" Lake Country Flat or Thin Pro Pads (the Thin Pros are really nice, but more expensive - the flat pads are still great and easy to use). The 5.5" pads are easier to manage than the 6.5" pads, especially if you ever want to use this on your cars/trucks/etc and not just your airplane. Not a huge deal if you want to just stick with the 6.5" pads though, but if you can swing it (the backing plate isn't that expensive) I would really recommend going with the 5.5" pads.
Orange pads - the most aggressive pad you will have - used for polishing/compounding
White pads - the least aggressive pad you will have - used for polishing/compounding
Red pad - used for waxing ONLY
Always start with the most least aggressive combo and work your way up (white pad with Meguiar's M205 would be fine). Do a test spot where you have some scratches/defects on the paint. If that didn't do the trick move to orange and M205. If that doesn't work...well you need to go to a more aggressive polish/compound like M105. The yellow pad would be the most aggressive pad (I have never had to use a yellow pad with the exception of one car that had a horrible respray job on the hood).
The goal is to remove the least amount of paint possible to remove any defects/scratches.
You may find that you don't have any scratches/defects in your paint - in that case you don't need to polish at all. You can simply wax with your red pad.
Polishing you want to use a crosshatch pattern (watch a Youtube video or Google search). Work 2ft x 2ft or 3ft x 3ft sections at a time. Try not to get to impatient and start doing huge sections at a time - your effectiveness at removing scratches/defects will be much lower. Take a terry towel and cover the pad and turn on the polisher after doing a section or two to remove any excess polish (this will save your pads and keep them from getting saturated). Switch out pads after doing a section on the plane.
Waxing...turn the polisher on 1 or 2 and just spread the wax out, you don't need to do a cross hatch pattern or work a small section, just make sure you get everything covered. REMEMBER - thin is in! Do not apply a thick coat of wax, it will be a real pain to get off. You should use hardly any of that Collinite 845. Apply three dime size drops...that should be enough to do an entire topside of the wing. Remove the Collinite 845 after it has dried - use the finger swipe test - if the wax removes easily and is "chalky" then remove. If it still looks wet then give it more time to dry.
If you want to be real lazy and you feel like you need to polish, but don't want to both polish and wax, then use an All-In-One like HD Speed (this is an AWESOME product and quite cheap). This has both a polish and wax in it. This is great if you don't have the time to both polish and wax.
My recommendations for polishes/wax:
Wax: Collinite 845, Menzerna Powerlock, HD Poxy - there are a ton of great waxes out there - Collinite and Menzerna both have excellent durability
Polish: Meg's M205, HD Speed (All-In-One product), Menzerna SF-3500, HD Polish, - again, a million products out there
Compounds: Meg's M105, HD Cut, Menzerna FG400/PG1000 - tons of products out there
Let me know if you have any other questions.
TL; DR - white pad - least aggressive polish/compound pad, orange pad - most aggressive polish/compound pad, red - wax
Buy HD Speed, Meg's M205, Collinite 845. Buy M105 if you really feel like you need the extra cutting power provided by a compound.