AG paint renovator is a weird product. I haven't used it in a while but from what I remember the abrasives act like the non-dimishing ones in Megs 205 etc.
If you aren't familar with these that means that if you apply little pressure you get a nice high gloss finish but very little cut. If you apply lots of pressure it acts like a compound and leaves a hazy finish (another few passes with light/ medium pressure should remove this). I'll have to buy some more because when I bought it I wasn't into the whole deatailng craic and just wanted a shiney bike
It could turn out to be a very useful product for cars going to auction etc where a quick turnarond is essential.