I can guarantee that a wrap will not hide stone chips, if anything it will make them worse. It seems to emphasise every imperfection in the paintwork. I did matt white on my bike, and while it looks good from a couple of feet away, if you look close you can see tiny lumps where I hadn't cleaned the panel enough, and slight indents where the original paintwork isn't intact.
At the very least you will need to fill the chips so they feel smooth.
At the very least you will need to fill the chips so they feel smooth.