I have a Dewalt 849 var. speed. Got it from a local auto paint supply, $100. Use a wool bonnet with the aggressive compound and a foam bonnet with the glazing compound.
Since your local, if you haven't already, you should go down to Fiberglass Coatings in St. Pete. They're on 19 just before 38th ave on left. They have everything you would ever need and are very helpful.