Hi,
Read your post. I've worked in classic car restoration for 25years- nowadays more as a hobby . Owned and have painted many Pagodas and literally hundreds of classic cars over the years.
In my humble opinion single coat metallic had it's day a long time ago. It's hard to get a blotch free finish especially with lighter metallics such as silver or gold. The quality of finish ls lacking in depth, regardless of whether hand sanded & polished.
Other options, should you wish for the purist approach then cellulose is correct. However, although stunning when done correctly this kind of paint requires maintenance and in my opinion has had it's day too.
If i was after the absolute best method and the ultimate finish this is the route to take. (note, you can go one step further, but your labour/ materials bill will sky rocket)
The very best quality paint - Glasurit, ici.
2k medium solids basecoat for colour, slow thinner - Do not use water based base coat.
2k Laquer medium solids, ms hardener and slow thinner.
To finish i leave the newly painted car to air dry rather than baked in the booth. Hand flat body down with 1500 grit wet paper then 2500 grit. Machine polish with Farecla g3 and 3M hand finishing compound.
This i guarantee will give you a finish of Aston martin, Rolls-Royce standard.
Finally, the finish is only as good as the prep. 90% of the work is in the hand blocking of the panel work, flatting down of primer/re-priming and yet more fine sanding. My boss always told me as an apprentice "If ain't straight it ain't great!
Good luck and enjoy the putting back together- the best bit.
Cheers,
Matt