The BC systems and single stage stripes over top has worked well at the Camaro Nationals in the Legends Class. And very much looks like the original cars when they were new. What boggles my mind is why so many people still choose to clear coat over everything. It's not correct, does not make the car look any better and does not add anything to the value of the car.
Regarding lacquer, I did my 68 red Z28 in lacquer back in 1986. This car has been garaged since the resto and the paint is a mess.........cracking and checking badly. My two survivor cars, a 67 Z and 68 Z still have very nice original paint. Case in point, what ever lacquer is available today is nothing like the original that GM used in the 1960s. Now I am faced with having to spend another $15-20K for a paint job on this car. Next time it will be done in BC, and I know it will last a life time.