Lambo-1 - welcome to this soon to be gone forum.
Have used Meguiars D-151 Paint Reconditioning Cream with a Rotary, when required, on many vehicles and it works great. It has their Unigrit technology, cuts fast, even, and leaves the finish shiny with some protection. They even tell you if you want to improve the finish to hit it again with the same product and a Finishing pad.
Have used it with mostly White Lake Country Pads, because they are pretty indestructible and cut pretty well, but of course, this product could be used with a more aggressive pad depending on what kind of paint and defects you are trying to remove or tone down, etc...
What pads are you talking about that you use or want to use? Lake Country? Buff and Shine? 3M , etc??
What makes of cars are on the Lot you will be working on? All Makes? German? American? etc.??
Probably the best all-around light correcting and polishing pad would be the Green Lake Country foam pad, not sure what is the equivalent in Buff and Shine, but the guys at Detailing Bliss would know..
If you are talking a whole lot full of cars, this might work. If you have the luxury to take your time and "customize" the work to remove all or almost all defects, then Meguiars 205 may or may not do that alone. It works great, dont get me wrong, but the companion cutting compound is Meguiars 105, and its finicky and nothing like Meguiars 205 in terms of ease of use, as you already know.
So, once you decide how many passes you want to or have time to make AND, then how many more to apply an LSP, you will be fine.
I grew up using Dupont and 3m products and they certainly have their place in the Paint Shops and other places, and 3m has actually gone on awhile back to add a whole lot of different products to their line.
Does Schlegel still make wool and wool blend pads ?
Good luck with your research!
Dan F