Update
I wanted to update all that are interested as to how I am coming along with the paint repair. I did not post pics of the process because, quite frankly, I was not sure how I would fare in choosing this method, but I have made progress in another area.
I have a spare hood which got prepped and sprayed a coat of primer on it to practice the roll-on technique (no need to post pics of primer, right?). I rolled on a few coats, and to my surprise, it is turning out really nice! The only problem that I had is the thickness of the paint on application; if I did not mix in enough mineral spirits, the thickness of the paint would not allow the bubbles resulting from the foam roller to pop and level out, and the bumps would not settle either.
Once I got the thickness figured out, I was able to apply the coats more evenly, and the paint would 'flatten out' better as a result. For those who are interested in attempting the roll-on method of painting, it is nice to not have airborne particles getting all over everything and to not worry about drips that form: you can simply roll over the imperfections while it is still wet - then the bumps will settle.
I followed 5280's method for the most part, but you just have to get a feel for what you are doing: at first, like he said, it does not appear as though progress is being made. But after several coats, it really starts to come along quite well. My thanks goes out to 5280 for posting his experience, which is what led me to do the same (just not to the same extent: mine is a DD).
I will have pics of the hood up soon, followed by the rest of the rig.
