Agreed, regardless once i get it on the road, there will always be something that needs attention. Hell, I've had it for 16 years now and was always upgrading or changing along the way. The body off resto started out as a suspension upgrade, next the vinyl top was stripped, before i knew it, we(brother n law and myself) were knee deep in cutlass parts lol!It never ends I don't think there ever really finished. I also treat lenses like painted parts at work insurance companies won't always pay for new lights and I treat them like I'm doing body work if there really bad I grab a da with 220 or even 180 nock out the bad spots and drop to a finer grit until I'm wet sanding with 3000 then I buff them out just like a bad paint job. It's only a taillight don't be scared
In regards to the lights, for the most part they are in pretty good shape...i might try next time starting with 320, then work my way up to 2k or 3k wet, then polish, buff, and a coat of wax, or the vinylex stuff Jack suggested.
My concern is getting too deep into the plastic surface and opening up the cracks that are within the layer of the plastic. I think they would be fine, but don't wanna sacrifice them when they are decent for 30 year old lights....I'd rather spend the $200+ on engine/trans parts.