I don't really have any specific problems with the SW lacquer. We just always liked going to the paint store that offered the best coating for the application that was needed. Would go to Rodda for lacquer, SW for exterior latex, Benjamin Moore for oil enamel, Miller for interior latex and so on.
I've honestly been rather pleased with SW service & most of their products. They just weren't big into lacquers where as Rodda is.
But if you've got a SW guy at your local store that really knows his stuff and thinks that the Cab Acrylic Lacquer is the best stuff for the application that you're needing it for, then by all means go ahead with it.
And do ask them about exactly how it should be used. As in using the right sealer, what it should be sanded with between coats, etc. Because when you get into the more professional/industrial type coatings (lacquers, 2 part epoxy coatings, industrial paints, etc.) they frequently have very specific time frames & steps. And when those specific time frames/steps aren't followed it won't turn out right at all.
It's usually rather easy to follow such steps. I'm just warning you that corners shouldn't be cut or time frames ignored as it does matter how things are done even if it doesn't seem like it should matter.