Agree with the above, imagine trying to paint on peanut butter (smooth not crunchy) to a decent finish. Also agree with the amount of time it take to get it flat. The only advise I can give you is take your time! The problem with any super smooth finish is that it shows up every single blemish when polished up, but you won't notice them until your getting the compound and polisher out.
My first attempt looked like the back end of a fat bird when I polished it up so i had to go right back down to the 120 grit and work my way up again. That brought it's own set of problems aswell like the gelcoat thinnning through which mean't I had to re gel again and I was stuck in that vicious circle for ages.
It looks ok now, but there are areas where I have a slight differance in white colour, even though I used the same gel from the same tin. Wether or not it was because the first coat had dulled or that it was a slightly differant amount of MW solution or cat, i don't know.
On the plus, I put my boat on the trailer yesterday and brought it home. The trailer I bought had retractable light board brackets which I forgot to retract when loading it on. It put a 12" scratch along the bottom of the boat, the gelcoat was just discoloured and rubbed off, the epoxy paint on the underside came off right back to the gel. So it is a lot tougher than any paint you'll use.