Can anyone say why I should not simply clean thouroughly a polished item
that needs a bit of polish, then rub a rag with some beeswax polish
over the area to be polished, followed by simply going round with a
electric paintstripper set on hot 1cm away from the surface, at a speed
of 30cm/sec?

It melts the polish into the wood, and gives a nice finish, much faster,
and no rubbing.

The wood is not overheated (you can do the same thing to your hand with
little effect) and it just seems lots easier.

If the item is not too scuffed up, no wax needs added.