Because bone is porous, I don't use compounds of any sort to polish bone.
Instead, I polish by hand using 3M polishing papers.
These papers are open-coat, wet-or-dry in micron grits, and they don't pack the open pores of bone with color, as compounds will do.
https://www.rshughes.com/p/3M-281Q-...Backing-3-Grit-Ultra-Fine-81329/051144_81329/
Stewart MacDonald also offers the polishing papers, in a sample pack....
https://www.stewmac.com/luthier-too...hing-papers/3m-flexible-polishing-papers.html
Take a look at the product, I believe you will find it intriguing. I use the papers wherever clean, residue-free polishing is needed, not to mention, for sharpening also.
Mark