I think I am going to go with a Semi-gloss. Not 100% sure yet. It is kinda down the list of need to do's.

 

what about sanding it down to feather out the edges and just respraying with a clearcoat?

I need to do mine too.

 

Well, if you sand basecoat it'll leave scratches in it and distort the base paint, so the clear only job will make it look like crap, thus wasting money on a crappy finish. The chances of you sanding basecoat will very likely break through to the primer anyway. So ultimately you'll need to re-prime only the areas that have been broken through between the old clear and base and old primer, and NOT the whole hood. Also, peel jobs will often lift the base paint if you spray heavy laquer primer on it, and you may need to use water base primer to prevent this. Then re-base it and and clear it after it's been thoroughly sanded.

If you going to do it, do it right. If not, it's your truck, do whatever makes you happy...

 

I see that it's got clear flaking from edge to edge by the looks of this hood, so a complete sanding off of the old clear and priming may be in order to correct future outbreaks. This clear job looks to be very thin to begin with, so this method may actually be best.

Blend the top plane of both fenders with base and clear the rest for perfect looking paint match

 

I was afraid of that. I guess I'll just deal with the rust issues for now, and work on the cosmetic stuff later.