P400 is the same as the old 320 cami scale we all grew up on.. Ive done P320 and could see the marks in the clear after a flow coat..
Personally I think P400 is best.. It cuts the clear flat, removes all the wave and peel and is perfect for more clear.. Ive tried 600 and 800 and I could still see wave after the re clear, cut and buff.. Again, everyone is different here.. I dont use a hard block with it most of the time either.. I use a soft foam block so that will also play a role.. Plus 3M P400 dry paper cuts fast and even.. I can sand the clear on the car in half a day easy and be ready to stick it back out in the sun to bake and gas off
Remember this is a loaded question.. Some guys will swear by every diferent grit you can imagine and have some reason or another for it...
With spi clears, the P400 wont fail you.. Other clears maybe it could be an issue? I dunno. Before spi, I used 500 wet if I re cleared something.. Now I always use the P400 and it works like a charm every single time..
Happy Sanding