Depends on the definition of "slight"
It's actually hard to peel base unless something is very wrong with the paint mixing,gun set up or conditions. If it looks THAT bad, it WILL show up thru the clear.Not as bad but clear is a good magnifier of any obvious defect.
Now, If the peel is only barely noticable,chances are good that the clear WILL fill the peel and it will look fine. I've goofed a spot or 2 on the base and when shooting the first clear coat was cussing myself until I notice that after flashing off the spots were gone. :thumbup:
Point being,IMO,clear will fill small defects, We DO color sand with 320-600 between coats and those big scratchs are filled.
It's is OK to color sand a solid base and clear IF enough coats of base are layed to prevent cutting thru, the clear is what gives base it's "luster" anyway as most base's are "flat" anyway. It's ALWAY'S best to reshoot another coat of base after color sanding. Metallics are another story all togather.You sand,you reshoot.