Thanks for the advice about the square sander. After removing all of the paint with a Porter Cable ROS 40Grit, I caved and rented an drum sander and edger from the big box, 24,36,60,80 & 100 twice.
I had too, the boards were cupped and the paint had soaked deep into the wood in the water stained areas. All in all, I lost the slight patina when they were 24'd, but now they are flat again and that darn paint is finally gone. And hopefully I will never have to be that aggressive on these floors again, stairs too (whew stairs!!! corners, corners, corners).
Here is a tip for corners (painted). After scraping, get a 30 dollar cat and mouse detailer and use the 24 pads for the usand (hook & loop) from the rental equipment and cut to fit. It's cheaper that buying the foofoo pads for that tool plus they don't even offer lower than 60 in most stores.
But it doesn't matter because when you count the 80-100 rings around a knot, you know, this stuff can't be bought. The heart pine boards were the worst, because they really soaked up the paint deep in to the grain.
I dropped two coats of Fabulon Pryme II and then two of the Original Finish. To a great suprise the boards have maintained a very light color, without any amber tinting at all. And the best part, the grain looks like something from a guitar. It shimmers in the sun light.
On a refinish of these floors I will use a square buffer to recoat.
Lessons learned, drop and pickup the drum sander in different spots to blend the rut. Move really really fast with the edger to avoid gumming and buy a whole lot more paper than you will need and keep it close and change it often, very often. Save the edger detail work for last, because it will gum the paper the most often.