http://www.detailmaster.com/mm5/merchan ... -FinishingDetail Master sells a sanding assortment that has turned many of my orange peal disasters into glassy smooth finishes. I originally thought the price outrageous but this product is worth every nickel to me. I am a repeat buyer. I'd recommend that before dipping and stripping.
Regarding the Fairlane: as a kid I was a huge Tommy Houston fan who raced a '65 Fairlane regularly against local rival Harry Gant and his '57 Chevy in the Late Model Sportsman division at Hickory Motor Speedway back before either were famous. Have never found a satisfactory photo of that car so I could duplicate.
Good luck on your project.