I've used it, not for this particular application but in general swirl removal prior to using Meg's Ultimate Polish then Ultimate Wax. T o very good effect.
Meg's own website cites it's use for removing bird lime etching..
"Our new abrasive technology quickly removes stubborn oxidation, stains, bird dropping blemishes and other sub-surface defects while polishing the surface to a mirror finish. Unlike traditional rubbing and polishing compounds that scour the surface, our new clear coat safe micro-abrasives produce an amazingly clear finish that is free from scratches, hazing and swirls. Whether working by hand or with our DA polisher, Ultimate Compound is the perfect choice to prepare your paint’s surface for your favourite Meguiar’s wax."
https://www.meguiars.co.uk/shop/ultimate-compound