I have done quite a few now. First step degrease. I keep a windex bottle full of mineral spirits. then paint stripper to remove clear coat, lot's of water rinse. Hit scratches and gouges with what ever paper it take to remove them. Overall 240 grit on a pad sander and a finer wire wheel for the hard to reach places. Black caswell bar on a sisal wheel. Finish with white compound on a loose wheel. hit it with mineral spirits and a rag to remove the "compound build up". This will give a great street shine. You might want to go further if it is going on the bike show circuit. A caswells adapter for wheels on an angle grinder is good for just a few parts on a one time bike job and for doing wheels. The 3/4 horse buffer from HF or the local big box works well for those doing a few bikes. I am watching for a deal on a 1 1/2 to 3 horse single phase buffer because I do a fair amount of buffing and horse power cuts work/time. I have always liked Blue Magic for buffing/cleaning duties before I got the buffers, bars, and wheels from Caswells and still use it for hand work, deep paint cleaning, and touch ups. I will do the RH cover on the engine with the foot peg, brake lever, and kick starter removed. The LH cover and valve covers always need to come off anyways.