Yes it will work, sand smooth, even if your paper is a little aggressive it will be fine, the second coat will flow into the sanding marks. Wiped with a mild alcohol and re-coat, apply heat to pop bubbles.
On the first coat I will usually apply heat to the lures prior to coating it as it spins, 1 it ensures it is dry, 2 the epoxy lands on a warm surface cutting down on bubbles.
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