Is it possible to over polish a wheel bore?

Thanks guys; you have been very helpful and gracious. I had already watched John’s video a few times but am definitely a newbie and don’t have the “feel” for very much yet. Without feel, I think I have to be cautious and use defined guidelines. I have pin gages on their way so that will hopefully help and give me some peace of mind.
Thanks again!!
 
Mojo, do you prep/polish a pro axle the same as you would a basic speed axle? Is it necessary to use the same starting point and go from 1000 to 5000 grit?