RE: To wax or not
I think a better description is that the hull grabs a layer of water molecules. There is less drag when water molecules slide past other water molecules than when water molecules bump and bounce over, and are repelled by wax molecules. I agree that the micro scratches cause small turbulance, like turbulators on airplane winge, to help the water flow stay attached in the low pressure areas of the hull.
To a water molecule, a hull wetsanded with 400 grit looks like the Smokey Mountains, where a hull sanded with 1000 grit and rubbing compound looks more like a gravel road to a molecule. My opinion only!