Hya bro, the only real reason for the "bubbleing" that you are having on the side-panels,would be some sort of humidity issue...
First off, i am a time served paint sprayer, which I went into after first becoming a mechanic,sort of logical progression.......
One Golden rule, never, (under any circumstances) wet flat body-filler, as it is semi-porous and you will never dry it out properly to stop the inevitable "bubbleing", no matter what.
Also, there is no reason too, as you can go from 180's grade freecut, direct to 240's freecut, direct to primaring. If this is not the issue, did you wet-flat the primar? and if so, how carefull/ hasty were you before topcoating?
If this wasnt the issue, did you have adequate heating in the spray area? ( for instance was it raining out?)
If it was not "water retention" in one of its guises, then it could be dirt that you are seeing under the paint, giving an "appearence" of "bubbles".
The only other possibility, is of course a "reaction" of some kind, but this is totally unlikely, as all reactions that I have encountered have been of an instantly recognisable variety, like "crows feet"(cellulose on top of synthetic type mistake) or "silicones" ( tiny saucer shaped depressions in the finish caused by a polish containing silicone in the vicinity/atmosphere)
Or indeed "water bobbles" ( little bubbles of water blown through the airline and "scattered" accross the topcoat, caused by not draining the compressor/ and or not having an adequate - in - line - water trap between the compressor and your gun.......ALL of which are totally avoidable..........
ANYWAYS,
reactions are recognisable, as they have peculiarities unto themselfs, yours ( without looking at it, just going on your description) appears to be water born.
Also, (and as well as) the side panels flex, and if you look at old panels that have stood the ravages of time, and carefully examine the laquer, you will see lots of "stress-lines" in the laquer , and each time the side panel is pulled off or put back on, it will flex causing the above condition.
This can be avoided in future, If you use a good 2k system and add a "plasticiser" in with the mix, the plasticiser is designed to allow 2k to flex with the panel, and is excellent for items such as side panels, fairings, and other flexible items.
However, a decent plasticiser can cost around £40.00, so it aint cheap, but on flexable items its the professionals choice.
Another golden rule, you will only get a 100% finish, by preperation thats 100% correct +100% cleansliness, skip on these and you dump on your finish, plain and simple.
Hope this helps.