maurofc70- Well, that`s how *I* would do it, but IMO you oughta do whatever approach appeals to *you*. As The Guz pointed out, a light "LSP removal" polishing won`t take off that much clear, and I understand that most people aren`t/don`t need to be as concerned about clearcoat removal as I am.
FWIW, my late father was still doing this stuff well into his late 80s, didn`t even start washing his own car until he was 70 but was polishing/etc. with me afterwards. So I was taking your age into account and thinking what I`d have recommended to my father had he asked the same Qs.
On the Coating approach, which certainly has its benefits (even if I seldom avail myself of them), I gather you`re confident that you can prep the surface(s) properly/sufficiently and can also *see* well enough to do a proper Coating application. I`m only 60, and I`m not "vision impaired" by any conventional standard, but having coated wheels a few times, I simply don`t trust my vision well enough to even consider coating a whole vehicle. I`m 100% certain that I`d botch up some area some where, only to discover it later and end up redoing at least that panel.
Just FWIW, would you consider having this work done for you by a Pro? I believe that`s the best course of action for a whole lotta people, which is zero criticism of those folks. If I didn`t have my facilities I doubt I`d even *wash* my own vehicles...lots of reasons to have some things done by professionals.
The Guz- Eh, once again this thread has reinforced how I often experience challenges with different things than do other people.
I`ve had all sorts of issues from the TSO in M205. No, never tried it before a coating as I saw no reason to bother with those TSO, I retired my M205 long before my (very limited) experiences with coatings. I know I`m a broken record on it

but I simply don`t get how/why people like M205.
I might`ve misspoken when I said "Paint Prep Products". Mine strip LSPs just fine, easy as can be, so maybe we`re talking about different things.
I`ve never had *any* problems removing any conventional LSP with my PrepWash/AkyraClean. It`s not as efficient about it as my solvents, but I very seldom bother using those instead since they merely work faster, not better. Note that it was originally developed as a LSP Remover even though they later started touting it for Polishing Oils.
I *have* had admittedly minor issues from polishing through a (very healthy) LSP, which taught me to just stick with the other approaches.