Okay, this doesn't really answer the OP's question. I prefer poly myself. I spray outside on calm days and let the item dry inside. If I can recoat before 2 hours, I may not sand depending on smoothness.
Poly has wider availability and better durability. If sanded between coats and not put on shellac, it's hard to mess up. Lacquer, IMO is easier to mess up. Precat is noxious.