Great points there Andy, yes the risks are greater with older cars but alot of the risk is in the technique of the user, alot of people think its easy to just grab a rotory and away you go but there is an art to it stated above"smooth constant movement" being carefull round panel edges etc and as guy has stated the paint type comes into play aswell, sticky jap paint is a nightmare to work on, ceramic clearcotes can be challenging at times,
pad choice and grade of polish used in the given situation is another big factor to consider, paint condition ie how contaminated it is and defects it has come into play aswell, also not priming pads prior to use doesnt help either which alot of people forget to do.
striking/burning through the paint is easier done than you think if you are inexperienced.