Hi John, I received your email. I will reply later today. I'll try to add my thoughts to your issue. And bravo Sir for tackling something like this at 78. I think that is awesome.
Contamination comes from the compressor itself and water that condenses downstream in your air lines. Contamination also comes from improper cleaning of the surface to be painted. Often a combination of all of these things.
In that second pic I notice the area towards the top of the pic looks like contamination of some sort.
Did that area only appear after the 3rd coat? If so that is telltale for some form of contamination from your air lines/compressor. If I had to guess I would say it was water. But it could be oil vapor as well. Water would be the most common. I have no idea how your air lines are setup and what you are using for water/oil removal.
As for what to do? Assuming you have a sandable base and not SW or Chroma like Crash mentioned above, there are two ways you can go about repairing it. First would be to try and sand out the texture by hand, using a fine grit like 1000. Do it wet. Sand very evenly, never concentrate on one area as you are doing it. Once it is nearly gone, then clean it, wipe it down with a solvent based wax and grease remover and spray 2-3 more coats.
The other way and what I think is better especially seeing this appears to be a single part on a stand, is to sand the entire panel (evenly) with 600-800 wet until the defects are gone, then clean, W&G remover, (solvent) reseal, and rebase. Probably would be easier provided you have enough base. Trying to spot sand defects like that is difficult for an experienced guy let alone someone doing their first job (you are doing great BTW). And you really wouldn't use much more base doing it this way as even spot sanding you are going to have to do two coats min over the entire panel.
question, I lightly sanded the nibs on my hood with 1500 . Then wiped the whole hood with a tack cloth.. Correct?
Provided you didn't touch the panel or contaminate it then yes. Proceed to applying one or more coats of base. Base that has been sanded always needs more base before you can clear. Otherwise it will look "off". You will see the sanded areas differently than the unsanded. And it's a good idea to use a solvent based W&G remover over anything that you have nibbed or sanded like that. You want to be sure you have it clean.
Keep asking questions if you have them.