I've DA sanded all of the color, primer, etc. of the main body shell and just finished the same on the bonnet. I've discovered one thing that I did not expect regarding stress cracks, spider cracks, etc. whatever you want to call them and I had some cracks that were as wide or wider than your finger nail. The cracks do not (at least my cracks) originate in the fiberglass body but in the sprayed on finish. On the main body shell, the cracks were just in the color for the most part. On the bonnet (the bonnet had primer + epoxy sealer + color coat), all of the cracks were in the color coat and the epoxy sealer, but not in the primer or the fiberglass.
I've had lengthy conversations with my local PPG rep and done a lot of research on the Internet - they all say to let the high build primer/filler sit for 4 to 6 weeks before applying any further coatings. This is after you have block sanded the body down and are happy with the flatness of the surface. This lets the primer fully cure and hopefully do all of the shrinking that is going to take place. If you can let the body sit out in the sun, all the better, but the sun thing is not possible for me this time of year.
I have considered applying waterborne color and clear coats, but was basically talked out of it by the PPG ref. First of all, the PPG folks will not sell to a 'guy that works in his home garage'. I think that corporate PPG requires them to sell to legitimate body shops and not guys like me. Second, the drying time for waterborne is much longer that solvent paints. Not having a spray booth (or anything that resembles a spray booth), the longer drying time for waterborne is just that much longer for bugs, dust and general crap to come to rest in the wet paint.
I have decided on PPG 'Deltron' single stage urethane paint. They can exactly match the Lotus '07 Yellow' color. PPG also tells me that, if I prefer and want a deeper color, I can apply clear over the single stage urethane. I will also use all PPG products under the color coat so I can be assured of compatibility, but I kind of think the compatibility thing is a bit of sales hype, but why take chances at this point.
Anyway, these are my thoughts on 'stress' cracks. The PPG rep did say that todays product and color coats are much softer than yesteryears lacquers, enamels, etc. thus they are able to comply with flexing fiberglass more easily. Anyone have any thoughts of the 'stress crack' dilemma?