Spot on Darryl.
On my latest build
MMB-4 after 2 coats did a proper water based wet sand on 1200 grit and again after next 2 coats before reverting to applying 50;50 turps to TO with a small square of 1200 W & D paper. Using a rag just seems to trap all sorts of crap or lumpiness in the finish that wet sanding and wet sand finishing eliminate.
On yours Kick it looks like 1500 grit with water should knock off the lumpy bits and then give you a smoother platform to work with. Funny thing is that 1st coat after wet sand goes on really well but the next one doesn't seem to want to stick which tells you that the surface needs a bit of 'tooth' for additional coats to grab on to. Remember to just lightly sand as even with very fine grit it can take off more finish than you can imagine.
The Widow is looking very glassy already and with just a bit more work it will look awesome.
Cheers, Waz