First post to the forum.
I have practiced this using rustoleum on my 1956 rear panel. It worked really well for the most part. I am picking up my first FJ40 tomorrow and plan on using the same method. Sort of practice to see if I want to do on my 56 Ford.
Couple things for those out there thinking about it.
#1: Red is very hard to do. That is what I chose for my practice panel and you see every mistake in Red. I love red but the amount of wet sanding necessary to get it smooth to the eye may be to much.
#2: At least with red you need to do more than use polishing compound and wax. I used a cheap miguaras scratch remover and it brought some color back to it. I just bought some 3M glaze though and am hoping for that show shine. Of course these are FJ's so probably not needed.
#3: You can blow on the bubbels or go over them with a roller again. I prefer to blow but it can tire you out.
#4: When you are completely done let your paint sit for about a week. Some spots will have bubbles you didn't really see and they will pop and spread leaving divits (very few of them 4-5 over a panel but still just so you know). If you let it sit for a week then sand them out one more time then polish, glaze and wax you will have one hell of a looker.
By the way your interior looks great. I can't wait to get started. Well first I need a floor (COMPLETLY RUSTED OUT
Can't wait to see it finished.