The plan sounds good. Not a stain I have seen before, but the color looks pretty good. I typically don't use sandpaper that is quite that agressive, but then I am not great with stain either.

How are you applying it, and how do you plan to topcoat? Since the stain you are using is "reactivating" (I looked it up) I'll be curious how you plan to topcoat? Are you spraying?