Well, I finally went out and sprung for a Dremel tool. I needed to fit a magwell to my 1911 and it was cheaper to buy the tool than have a smith do it (just a small edge needed rounding). That worked fine. Then, I decided to try my hand at polishing the bolt on my slabside as previous posts spoke of. I loaded a small felt wheel with Dremel 421 compound and started polishing. After I finished with this, I put a clean felt wheel on and buffed. It came out smoother and shiny but still has some fine scratch marks. I was thinking of polishing the flats on the slabside barrel to a shiny finish but I don't want to ruin it.
What is required to get a "mirror" like finish? Should I have used one of those grey cloth wheels for the compound and buffed with felt? Do I need to buff with something else? Appreciate some feedback from all the "polishers" since the Dremel instructions are a bit lacking here.