Guide coat is just that a guide to show you the low spots. The high build is used to get the panel flat. Just Google high build and there are great videos that explain.
I went to bare metal with 80 on a DA then Epoxy then filler and high build - sand high build sand some more. Than epoxy reduced used a sealer. Base then clear. Never painted before. Did most of it in my garage, but sprayed the base and clear in a booth. It's not perfect but I'm proud of it.