John,
Your plan sounds eminatly reasonable to me. Though to be honest when I switched to rope lifelines three years ago I didn't do a thing to the stantions, no sanding, smoothing, ect...
Looking at the line now, it still looks brand new, and the only problem I have had was when someone fell against the lifelines and they did exacally what they are supposed to, in keeping him on-board. Luckily he was unhurt, though the line was so strong it snapped 2 out of 3 bow pulpit legs. Note that I consider this the desired behavior.
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