From a lesser experienced guy:
the first year I had my rotary, I used it for several weekends in a row, getting rid of some deep scratches I had. I was amazed how much I could accomplish in a short time.
Since then I've found that I have not had to use it again, unless there is an isolated deep scratch in one of my vehicles. As the pros stated above, I am really able just to use good washing technique, and then use the PC for maintenance. I'm thinking I need the rotary for a touchup once every two years.
With the PC it is my opinion that you can use it pretty much with reckless abandon, for reasons everyone here knows. I don't ever hesitate to bring out the PC with Zaino PC fusion -- just to do some paint cleaning, and bring up the shine a bit. Some very superficial swirls will vanish. And I know that I cannot remove any measurable amount of clear coat with that combination.
Rotary is great for
- removing a heavily swirled vette in a HURRY ! (not the hours it takes with a PC)
- quick repair of isolated scratches, using 4" spot buff pads
- for re-glossing after focal wet sanding (MIP with rotary 1500 RPM's and meguiar's W8006 pad works well for that)