I just did a TS (a delta, looks like a unisaw but doesn't have that label) yesterday.
I tried a few things - it was in real bad shape - I actually started with a 60 grit 7" on a Harbor Freight variable speed polisher (works good enough for this)...
I also kept the surface wet with silcone spray. There's a lot of mention of NOT using silcone here - WHY? It says on it that its good for protecting from rust... I wiped it all off afterwards, though, and used T9 as final coats... (it would be nice if that stuff didn't spray as a stream - like wasp/hornet killer!!)
Anyway - I wiped off all the muck with a rag periodically while sanding - the surface had some real deep pits in it - then I put on the 220 grit... did it all again. Was pretty smooth and shined purty when viewed on edge...
I felt as though I didn't need to use any higher grits - it was quite smooth. It was also very shiney, but I could still see dis-colorations and blotches. Am I supposed to??
Its a real old saw, and I'm sure it will be good the way it it. I'm going to sue it as a mortise and tenon station! (well - just for the shopsmith mortiser) The thing was free, from a friend of mine... same friend who gave me the RAS that I got looking almost brand new with the recalled parts replacements)