So, just to summarize some things that I posted in other threads recently:
I used fibreglass and resin for the fill, but I used regular Bondo for the surface finish. This was to get a nice smooth surface.
I don’t see any problems with using the long strand Bondo instead of fibreglass and resin.

I think the finest grade of sandpaper was 100 grit, maybe 150 grit, (actually 400 grit). I also used a sandable primer, (that is what you see in the picture above) I never put a finish layer on it. I was selling it and I figured that the person who bought it would want to choose the final colour. Though I think the beige primer looked good.
I sanded the belly band flat, (it still had a bit of a bulge after I ground it nearly flat). I used a random orbital 1/3 sheet sander for this. Then I just started with regular, non-fibreglass, Bondo. Lay it down fast because it dries quickly. Then sand it with the autobody sander:
till it is flat, or you go through the Bondo. Repeat. I think that I went over the whole thing about three times. Bondo is almost transparent, just before you go through it. I ran good masking tape along the top and bottom of the belly band, where the bend up from the body of the trailer met the bend down to the flat surface on the belly band. Very intentionally this ridge was not damaged during the grinding part of this process. Then I used a beige sandable primer, (that I got at Canadian Tire). This brand, but they don't seem to have beige any more:
https://www.canadiantire.ca/en/pdp/d...9968p.html#srp
More sanding with the autobody sander, with 150 grit, (maybe 180 grit? Actually 400 grit) sandpaper. The results are in the picture above. If I had done an actual
paint layer, I probably would have gone nuts with the 3000 grit wet sandpaper, but I liked how it turned out. There was a bidding war on that trailer, I got $500 above asking. I priced it too low.