Boogalou
That mixture does work well when fitting a properly tightened frame and slide as it stays where needed and does a good job for lapping tight fitting parts. However with a CZ that is just a stock loose gun it won't do a whole lot as it needs pressure between the moving parts to cut and lap. On a CZ it will just gunk up the between the trigger bar and frame as it oozes out and with a loose frame to slide fit will take a lot longer to get the same results as wet/dry paper and a light oil.
JB Bore Shine is even finer, it is just jewelers rouge in a paste form and works great on fitting over sized 1911 frame and slides or properly peened and tightened ones. Try that next time instead of JB Bore compound, as it is almost too coarse.
Jim
Miossi Gun Works LLC
702 Park Dr
Monticello, IA 52310