No, I didn't really need to sand it. It was already prepped after chemically stripping it. All I did was remove the original paint with a stripper, and sprayed it clean with a garden hose. The alloy underneath was plenty rough to reprime. I did a little sanding to remove a couple spots of leftover paint, but nothing major. After priming, I then used my airbrush to paint the bike, and used two part clear coat to finish it off.
I still have to apply new decals and add more coats of clear to seal everything up. That will come soon, when I can get my air compressor fixed.
Darn thing overheated on me.