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it isnt a cutting compound its a paint cleaner, cleans oxidation from paint etc and will take of a micron layer of laquer if u use it lots, stage 2 is a polish/ glaze it will smooth the paint out and also polish it slightly, stage 3 is a wax which wil protect the paint, daz u could do with getting some meguairs quick detail spray, for when u r inbetween polishes etc just brings wax back up.
Its still a cutting compound though.. cause it does cut into the laquer/paint. okay were talking minute amounts but still a cutting compound, and doesnt really need to be used that often if you keep stage 3 topped up..