I cant answer that question, but i have had some disasterous results doing similar things, sometimes the new paint will react with the old paint, and give a result called crazy paving, where it all cracks in a similar size to a broken car window. You can get a sealer that you paint over the old paint to stop this, but that adds another coat, epoxy paint, usually dosent react with other paints, and may be able to go straight on, but i would try on a hatch cover or something first. I am doing pretty much the same thing myself, but i decided to stripp all the old paint, before i re paint it, i have been using citri strip, which takes the paint off, without damaging the fiberglass. I dont know if i will re paint, or attempt to polish it, but if i do re paint, i will make sure every bit of the old paint is off.