That's a lot of work!! I had my front wheel stripped and polished by a guy in Houston that did this as a hobby. He mentioned some kind of industrial stripper to take off the clear and then just get after it with the polishing wheel and some polishing compound. I was pretty lucky, he only charged $120.00. You can speed up the polishing process by wet sanding the wheel. Start with 300 and go up to 1500 grit paper. You might even like the 1500 brushed look. I recently stripped the backrest and polished it, just used rattle can clear coat. I ended up using the 1500 finish in lieu of the polished, I just liked it better, and a lot less work. I would have the wheels clear coated at a paint shop. they use a much more durable clear than you can get in a rattle can.
My 2 cents