Lacuqer paint

Have not used lacquer lately.
Comparable job in terms of covering the car, yes. Is not as durable or resistant to scratches as urethane.
There are lacquer clear coats. You can get an incredibly "deep" looking finish with multiple coats of lacquer with color sanding in between.

GM used to use lacquer back in the 60s & 70s. Advantage of lacquer is almost non-existent "orange peel".

Urethanes are so much more durable against impact and color fading, I can't imagine doing a street car in lacquer.