Everyone has their own way. I personally think sanding through every grade of MM is completely unnecessary. I wet sand starting at 400 then 600, 1000, 1500, and 2500. Then I use Meguire's scratch remover car polish. Two coats of that and I'm done.
To be honest, the only reason I go to 2500 now is because I just bought a huge supply of sandpaper from Helvicta and it is more coarse than the 1500 grit 3M paper I was using so it forces me to go to the higher grit.
I'll put my plastic/resin blanks finish up to anyones.
Not trying to be a butthead and I'm not knocking other techniques. I just do a lot of production turning and when time is of the essence, you develope the quickest way to arrive at the quality that you want.