Im no pro but that looks like a good ad for why NOT to use levelling compounds or skim layers... They flake off!
Id be grabbing a diamond stone grinder from kennards, a respirator and some good fans to blow the dust and seeing what comes of it. From the times Ive played the use of water although less dust, canes the abrasive stones ($$) - try it both ways. I gaurentee youll need a cleansing ale once your done!
It also wouldnt be too big a job to get a tradey conc grinder in.
With respect to sealing it, at the workshop I have had a good run using Resene Pavement single pack, simple acid wash then roller it on. Sure it gets fibre glass and paint on it, stains, welding burns, chips here and there - oil still washes right off though!... BUT pretty much all sealers will get that. The nice thing about Resene is once you are sick of the mess, wash with acid, rinse and re-paint. As opposed to the epoxies that are much harder to re-do.
Steve
'95 130 dual cab fender (gone to a better universe)
'10 130 dual cab fender (getting to know it's neurons)
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