I did go look after posting and found the same document. They also state no primer is required, which in my experience, produces results like you described in first post.
Admittedly, they aren't targeting the "fine finish" realm. Rather it's marketed as a tough finish that's user friendly and easy to apply and gives acceptable results.
My comment concerning 80 grit was borne of more conventional wood finishing experience, so perhaps wasn't applicable here. Indeed the final finish is intended to be textured. My only concern would be sanding through the sealer and exposing raw wood fiber, thus mitigating the seal coat to some degree. BIN will absorb into surface a bit but, by and large, it's a surface film product.