Does waxing improve the appearance of peeling clearcoat & paint?

[RMcG]

Some youtube videos advocate using wax + rubbing compound/cleaning compound as a way to improve the appearance of paint with peeling clear coat. Below are links to two examples of the these videos:

https://www.youtube.com/watch?v=KqZ6VHmAhlI

LukatDetail.com has several videos, here is an example:

https://www.youtube.com/watch?v=nG96JwmqzyY

Lukat sells various products, including one called Lukat Fix It.

QUESTION(S):

Has anybody used this or similar method?

How well does it work?

How long do the effects last?

Do you suggest any particular products to practice this method?

I am primarily interested in something that looks fairly good from a distance and will last at least a few weeks.

Any other comments or suggestions will be welcomed.

Thank you,

R.