I’m no expert on the polishes.
I bought my supply years ago and I don’t use much of it so it’s lasted well. My note in the box says:
Green - stainless steels
Red - precious metals (gold, silver, nickel)
White - ordinary steels, chrome, ss(stainless steel) light cutting
I’d forgotten about the white.
I do know they’re designed to be used with a decent amount of tool pressure and with rotary buffers.
If I’m after a fine edge on a chisel or blade I wipe some on the strips of leather I keep for the job and pull the blade in a reverse direction over the rouged up leather. This is after all the main work with stones. I have a couple of tools that really come up trumps with this treatment.
I have a rotary buffer but it’s been a while since it’s been in use.