We have engineered wood floor with AO and against better judgement decided to have it coated with bona traffic satin finish (a layer of tykote is used beforehand).

Test area over 24 hours looked fine so decided to proceed with the whole floor. Hours after the finish is laid down everything looked fine on inspection, no signs of separation, or spotting. Left it for the next day and came back to spotting that can be seen under the light at angles, but not straight down. This is everywhere, not isolated to any one spot. Even the areas surrounding the test coat have this. But it is not bumpy at all, it's smooth to the touch.

https://drive.google.com/file/d/1brVWzvvmtjFi_lJMhUjWz-MtyEsNdC1o/view
https://drive.google.com/file/d/1vgjyjgSxFWVwd4-AK4mfmu1koGLNgd8h/view

I assume it's adhesion issues? I may be able to (have to) live with it if we can't take this coating off, but just deathly afraid of any peeling happening weeks or months down the road.

What's the likelihood of peeling start to happen? Is this salvageable? If so, I'm guessing sanding and refinishing is the only way (no chemical stripper)? These engineered wood top layer doesn't leave much room to work with, so sanding seems really risky as well.

Thanks in advance.

You may be able to make the floor look a lot better with another oat of finish to even out the shine. I suggest hand sanding with 150 or 180 grit then vacuuming. Apply another coat of the finish.
BTW Tykote is from a Basic Coating Finish line so it may cause the characteristic fisheye look that is on your floor. It is always better to keep the same brand throughout the process.
Extreme stress like dragging furniture can be the cause of finish coats that separate, causing peeling.