You need the wax to seal the air from the surface and get a hard surface. When manufactuers spray the gelcoat in a mold the mold does this for you. The quick answer is that if you want a smooth shiny final surface by the time you do your wet sanding and buffing there won't be any wax left on the surface to worry about. UV rays will yellow the wax left on the surface pretty quickly. As far as I know all surfacing agents have the wax dissolved in styrene so you can't keep from adding a little styrene along with the wax anyway IMHO.