I’m unuct, but I’ve kept my foreskin retracted for many years. At first, my glans was extremely sensitive. But over time, on the order of months, or even years, the sensation gradually changed. I’m no longer aware of my glans rubbing against my underwear in my pants. I stopped jerking off by sliding the skin back and forth over the glans because indirect stimulation of my glans just didn’t feel as good anymore. Before I started pulling back, directly stimulating my glans while masturbating was almost painfully intense. But now it feels amazing. I jerk off exclusively with my skin back, usually sliding my hand over my shaft and bare glans, and the direct stimulation feels great, better than masturbating with my foreskin did before.
The peeling is a temporary stage of the process. Once it’s done, your glans and inner foreskin should gradually take on a dry, silky texture, much like a circumcised penis, instead of the moist, sticky texture of an uncircumcised penis. If you keep it pulled back, you’ll stop producing smegma and moisture, and your glans and inner foreskin will just remain dry. I don’t find it to be uncomfortably dry, and I don’t use any lotions, cremes, or oils, aside from occasionally using oil based lube, but for fun rather than moisturizing.
I’m not sure if sex feels that different? It still feels great. I’ve always lasted a long time, and I still do, so I don’t know if pulling back changed that in any way.