Some ideas of what it could be.
Could the white specs be from a previous paint job that you have done? If you haven't used the gun for a while, and it did not get cleaned out good, possibly the white specs are coming out of the gun. Although it does sound as though you did not have this problem on the first three coats, so possibly hardened clear?!
A couple of other ideas.
What type of air filter do you have? Possibly it is coming through the lines and gun and ending up in your clear.
Are you spraying over plastic parts?
Sometimes plastic parts build up static electricity, so it attracts lint and dust when you are spraying.
If you don't have many white specs, you might be able to brush touch these with your basecoat color, then re-clear the panel. This works as long as the color is a solid (non-metallic) color.
Don't forget! As far as getting rid of the flame edges, you will need to clear, then take a soft rubber block,use about 1500-2000 and block the lines out. It is virtually impossible to just wetsand (without a block) the lines, then re-clear the panel and expect the flame edge to go away. This would take alot of clear. Use a rubber squeegee to see when you have blocked enough. You may be doing this already though.
[ 10-10-2001: Message edited by: Scott F ]