I just finished a 10 by 25 ft floor using the Rotex. Taking the molding off is really the way to go. You might have a mismatch from prior sanding done with molding left on. I did have that condition and I used an RAS115 to remove a step of about 1/32. The benefit to removing the molding, beside getting a better job, is that you now can get further into the corners with the Rotex. Don't be afraid to use the machine in the rotary mode to get the finish off and the floor flat. It will be much faster than random orbit mode. I had deep scratches and some cupping to remove and started with 40 grit Cristal. I used rotary mode through 40, 60, 80 grit Cristal folowed by 80, 120 and 150 Rubin in random mode. Skipped 100 because I didn't have it. I knocked down the base coat and the first poly coat with 180 and 240 brilliant, respectively. Not saying this is the best but it sure made the Sweetie happy. It still helps to use an rectangular sander in the corners, no doubt, but you can get by without it with the scraper, depending on how much sanding you really need to do.
A waterborne finish is pretty fast but all the advice given is spot on. Side benefits are easy clean up and almost no fumes. These finishes are more water resistant than one would think. Check out Jerry Work's tutorial on Target Coatings. He did not cover floors but there is a lot of useful info there.