Re: 78 Glastron bass boat has rough surface due to sun damage.
It really depends on how far gone the gel is, the metal flake finishes are a bit trickier...
The proper way to bring back a heavily oxidized/worn finish is a 3-step process:
1. compound (to remove oxidation)
2. polish (bring back shine)
3. wax. (seal and protect)
The compounding part is where the "tricky" part comes in, you can get some pretty heavy grits which will cut quite a bit, if you aren't careful, it can strip it down to the fiberglass underneath.
For really bad finishes, you have to replace compounding with sanding. You should wet sand with an extremely fine grit (800+), (240 is way too rough in my opinion). I start with 800, then do 1000, then 2000.
Wet sand slowly to get it smooth, and just to cut enough of the gel to get the color back.
Gel coat is extremely thin! So work slowly, and don't oversand. If the gelcoat is thick enough to bring back the color, and retain a smooth finish, you can then polish it and wax it to get the shine back.
If it is too thin, or too far gone, then sadly, you are looking at either painting it, or re-gel.
Hope that helps!