Great plan on the other side of the wheel!
Hey I was at sears / Kmart and they have an awesome polish kit for the dremel, it came in a plastic storage case with every polish tip and some jewelers polish it was $9.99 for the whole deal!
Not that I am a big K fan or anything, they just had some smokin sales, they also had various polishes at 50% off.
I just thought of one other system I have used on bigger areas, is the polish bits that you can use in your drill...that kicks some serious polish butt, however it can leave a bit of burnish if it gets hot so use caution!
I did all the hose fittings under my hood with the dremel and mothers...dude they went from dull-ugly to freaking polished-chrome and it took like 30 minutes to do them.
Oh use a micro-fibre cloth for the buff...way good!