Did 4 coats. Not perfect but looks plenty good enough for me. Feels like a finish was "built up" and some protection was achieved. No paint came off on the rag while applying. My paint looked pretty good to begin with and minor flaws don't bother me so this a great solution for no clearcoat.
Baking in the sun now for a few hours then going for a ride.
Thanks again for the tip. Nice product.