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I believe the single stage paint type back then was enamel, not lacquer.
Single stage urethane is a common choice. It can be sprayed with proper orange peel texture.
It's a choice you have to make. Base coat / clear coat looks fantastic and lasts a long time. Single stage acrylic enamel is authentic but does not look as good or last as long. Acrylic paint is much less expensive.
I've had the opposite experience. Single (not cut and buffed have lasted for decades where base coat/clear last about 5-7 years. Both factory and resprays. Have two base clear painted cars currently with 10-60% of the clear coat gone (peeling or turning to dust) while the single stage just chalks. Really hate BC/CC though keeping one inside covered all the time helps allot but often its applied so thick (so it can be cut and buffed) can lead to the "dipped in plastic" look IMHO