Single Stage Metallic Paint = Difficult to Restore Single stage, non-metallic paints like the above paint on the Ranchero are actually very easy to fix because the problem is for the most part just topical, that is the problem is just on the surface. All you have to do is remove the dead paint off the surface and if there's enough paint left then it's just a matter of polishing what's left to a high gloss. The most difficult paints to restore are single stage metallic paints.
The reason single stage metallic paints are the most difficult to restore is because not only does the paint itself oxidize, that is the resin used as the binder, (generally some type of seed oil like Flaxseed oil or Cottonseed oil), but also the aluminum flakes embodied inside the paint oxidize. This is where the problem lies.
It's a problem because the entire exterior surface of each individual aluminum flake oxidizes over time but you and I can only work on the surface of the paint and thus we can only work on the portion of the flake that is exposed at the surface level. Any portion of each aluminum flake that is below the surface and is surrounded by paint cannot be cleaned or polished so there's no way to remove the oxidation on the portions of the flakes inside the paint.