2 sessions allows you to get it flatter with less sanding. you can certainly get things equally as flat both ways and get it looking like chris's awesome job above but i feel its far easier to block clear flat with 400 and do 2 additional coats vs 1 clear session and hand blocking with an acrylic block or something like that to get it flat.
i would never roll the car out and remask anything to do it. i would do my first clear in the afternoon, come out the next morning, sand it all down right in the booth with 400, wipe it down, blow the booth out and reclear all the same day. from there i can start sanding with a da with 1500, 2500, compound and polish. because its flat already and start with 1500, i can compound and polish a whole car body in one 8-10 hour day. if i did like don said he did it and rolled the car out, sanded and remasked, put it back in, got everything set up to reclear......yeah, totally agree, thats a lot and not worth it. overall the flowcoat is just a time thing. for me its a way to save time and get a flat job so i can do all my cutting and buffing with a sander vs the time it takes to hard block a whole car body down with fine grits.