After a previous post where I asked about Novus 3 and some responses from Ed, I've really decreased the amount of steps needed in my finishing process. YMMV but this is what I've cut down to so far. I don't claim this to be the right way, just my way that works for me so far.
Turn, 400 dry, 600 dry, 1500 wet, 2400 wet (both of these are 2 sides of a single pad from the Barry Gross plastic finishing kit) and then right to Novus 3 and Novus 2. I will then hit a buffing wheel simply because I don't have any Novus 1 on hand to get the final polish step.
Once I find a quality 800 grit, I'm likely going to replace the 1500/2400 steps with the 800 and then move right to Novus. So 400/600/800/Novus3/Novus2/Buff (or Novus1)
I find that sanding is all about the speed, the pressure you apply and the material in question. If you are leaving deep grooves with 400 or 600, you are probably applying too much pressure or using crappy sandpaper.
You have to find the happy balance for your process which is why there are so many wildly varying processes out there.