Prior to retirement from the L.A. County Sheriff's Dept. in 2003, I was assigned as the Sergeant in charge of our fleet of 4,400 vehicles.
(Nice job as I managed a 13 million dollar contract, got to drive fast on our 1.57 mile road course to test the performance of police vehicles, conduct brake tests, mileage tests and work with Ford, Chevy and Chrysler as they developed police cars and, I didn't have bullets flying over my head)
Every year, in October, we had our annual Law Enforcement Vehicle Test.
Michigan State Police and my Department were the only agencies in the US that conducted tests.
Ford, Chevy and Chrysler participated and we invited law enforcement agencies from all over the USA and on occasion, we would get members from foreign agencies.
I conducted many brake tests and found that if the rotors were ground, not cut and the pads burnished as I described above, brakes would work great with no adverse problems. If the rotors were ground, they would last as long as new rotors with the same performance. I also found that if the rotors were cut, (fine) the pads would chatter until they were burnished. Once the burnishing was conducted, the pads and rotors worked well.
Grinding proved to be the best way to recondition rotors so unless the rotor was "severely damaged" we would have them ground by our vendor and re-use them one time then make paper weights out of them.
(see below regarding Performance Friction Corp. Rotors)
By the way, after extensive tests, I wrote paper requiring that Performance Friction Corp. pads and Rotors were the only components that could be installed on a black and white patrol car.
We found that in most cases, PFC Rotors didn't need to be ground when changing pads.
I have a close friend who now manufactures Porsche racing drivetrain parts and, he also maintains Porsche race cars for some serious club racers. He uses PFC rotors and pads. He said that their rotors are usually good for 3 or 4 races before they replace them.
Unfortunately, PFC doesn't make a rotor that will fit any of the VW based brake systems currently being used on Speedsters or Spyders.
In regards to the test conducted above. I don't like the method they used (applying the brakes at a given land mark) Too much chance for driver error. We used a $10,000 light sensor that measured speed, distance and time and was activated the moment you put your foot on the brake. All of our tests were conducted with the brake pedal mashed to the floor to provide maximum pressure within the mastercylinder.