Plastics have different hardness, different surface characteristics, etc. Power buffing a pen is the express train to wearing away the plating on the metal trim. There are polishes for plastics that may do just what you want.
The precious thing about MB plastic is the marketing hype.
Plastic polishing materials, in liquid, solid, or grit-on-backing form, all work by removing material from the plastic. Be aware of this when you're doing the work. I like liquid-based polish.
My favorite plastic polishes are made by a company called Novus. I learned about Novus when working with a friend on her vintage pinball machine (oh no.. yet-another expensive and time-consuming hobby!)
Novus comes in #3, #2 and #1, in ascending order of fineness. #2 is what I use for most plastics, and what I've used on pens. #3 is for big scratches (like, say, on my motorcycle windshield), and then move to #2 and then #1. #1 is non-abrasive, it's a mild cleaner and puts on the final shine.
The best part about it is that it's fairly cheap by mail-order compared to other polishes.
Novus polishes at the Pinball Resource.