Absolutely Brian, it's a great 3M product.
It's available in grey (very fine) Red
(medium) and green (coarse) in the UK.
Using red with a spirit cleaner with a final rub over with grey and you can achieve a superb finish.
The red, when brand new and carefully applied, works particularly well for bluing preparation, especially if you are trying to replicate the dull luster blue of Russianfirearms.