Hi Jim,
Yes, this topic has been dealt with at length a long time ago.
As other Forum members have said, if a Quarter panel has been age and sun damaged, then refinishing is an option to get you out of trouble, and can bring decent results.
However, this depends on how much damage/rot has occurred to the surface. This damage or rot can be from mild to wild. Light/ medium/ heavy. Age/ sun rot happened to me with my '73 white interior Convertible. In my case, it was what i would call, medium damage. As we know, when the surface is damaged, you get this chalky, brittle and crumbling away surface problem. Scraping and sanding back this damaged layer, so you end up exposing a stable and sound surface to refinish is the key answer here, as it is a waste of time painting over a crumbling unstable surface, that keeps breaking down. Your paint will have trouble adhering to the damaged surface, and in the long run won't last.
If the qtr panel surface is heavy damaged, then a large amount of material will have to be removed before striking a sound substrate. This can be impractical in some cases, and it can be hard to achieve a good looking finished painted panel, even though you are shooting texture coating paints. If you have light to medium damage, the texture coating can bring fairly successful looking results. I could go into various types and brands of texture coatings but it would take forever to cover this side of it. Also, in refinishing the panels, getting the gloss level and the color match just right, can be tricky. If you miss out here, the end result can look very cheap and average.
In my case, i gave up on the refinish approach, and decided to have the qtr panels recovered with a cream vinyl to match the color and appearance of my original seats and new front door cards.I went to a pro trimmer to have this done, and paid around $300 for labor and materials. The end result was stunning, and looked first class. What sadens me, is that Ford did not do this in the first place when the car was manufactured. Cheap and nasty i say. :chin:
Cougar, being an upmarket Mustang, offered better standard and quality of trim.
Hope that helps,
Greg.
(Pro Painter)