I would call it a restore JD, will look great when you have finished. 
Regarding the mylar etc, I have kept my QD constantly waxed since I removed its mylar but I reckon I'm starting to get some small wear after about a year, nothing at all major just little specks here and there, others may have different experience, but if its a keeper I would be putting some protection down, I will be clearing mine when I get around to it.

Cheers
Dave

thanks Dave. I have a Sinbad that Nino polished when he restored and it shows no sign of wear. Would look better without the Mylar I think so far!

J.D.