Fobia- That pad/product combo sure isn't working for you! Rather than try to "master" it on somebody's car (as opposed to a scrap panel) I'd try something else.
I'd also try working smaller areas so you can see what's happening before you have a large "uh-oh" to correct.
I'm no rotary-Meister by any means, but the results you're getting are a lot scarier than what I get with 3M PI-III ECRC 05936 and that's a mighty aggressive product. Dunno just what's going wrong (too fast, too slow

) but something's not right.
Going from the 1500-grade compound to a finishing glaze seems like too big a jump anyhow. I'd get some milder compound and a medium polish and try to get things good enough to finish out with the PC.