I too polish at home. Some helpful hints inside.....

I too have some seamasters and they are the most difficult to refinish because the small polished links are hard to isolate. The Blue wave is very easy and then the Maxi Diver because of the large surfaces.

I have a dremmel tool and use their polishing pads and compound for removing most scratches and turning deep gauges into little dings. The only issue is that it is very difficult to polish to a mirror shine. You will usually end up with some swirl marks or a slight visible haze which is very irritating. I found that Cape Cod Polish (available at Restoration Hardware or Visiotime.com - off the top of my head)easily removes all hazing, even the polishing compound residue and leaves the bracelet and case like new.

For brushed surfaces, I use 3m Scotchbrite pads, and apply moderate pressure and rub with the grain. Always stay with the grain or you will curse yourself as you try to get the grain back. The pads come in various degrees of courseness and are at every home depot and lowes. Pads can be folded or cut for optimum effectiveness.

If you need to mask out surfaces so as not to polish the brushed parts and brush the polished parts, use masking or electrical tape, but brush first and polish second. Small hint I learned the hard way.

I find this obsession to be relaxing because it takes all my concentration and lets the rest of the world pass by for a few minutes. Not to mention that most of my watches still look new.

I hope this helps