Paint - Repairing Base Coat

This is a base/clear deal right, and the run is in the clear? You should be able to scrape the run flat with a razor blade. Sanding flat with a stone works well too. Then just buff back to a shine. That low spot should fixed the traditional way, fill n sand. Drying times vary greatly depending on temp, humidity, and the hardener/activator used. Remember that the heavy spot,the run, will take a lot longer to dry than the rest of the hood.