I prefer a liquid polishing compound and a felt bob on a variable speed Dremel. If the metal has some kind of fine texture on it like kershaw's bead blast, I would probably recommend leveling the finish with some light sanding first. And, I would definitely laser etch AFTER any polishing, just to ensure that the etch is not diminished in any way.
I polished up a Zing tanto right over the top of the factory beadblast finish without any prep, just started right with the liquid compound, and got a pretty good mirror, although on very close inspection you can see that it is not perfectly smooth. I did a kind of two-tone thing where I left the flats beadblasted and only polished the hollow grind area, might not be appealing to everyone, but here's a kind of basic picture of how it turned out: