Sanding and painting is good for the soul
I find it relaxing. Very hard work but it keeps my upper body in pretty decent shape. Whatever you do, don't use steel wool to smooth out the imperfections as it will stick in the paint. To make things faster, you could use black lacquer. It's ready to sand in 4-6 hours so it cuts down on time. You typcially need 2-3 coats of primer, 2-3 coats of black lacquer, 2-3 coats of clear lacquer and the compound, finish restorer, and buff out. I've found the canned lacquer to be very soft. The nitro cellulouse seems sturdier but harder to sand.
If this doesn't appeal to you, then ya, laminate is the way to go.