I've used both lacquer and enamel, by brush and spray can, with and without extensive masking. However, I usually don't wait until the paint is completely dry, even with lacquer. Also, when cleaning off excess paint at the edges, I always use a paper towel that has been folded numerous times and dipped in a small amount of thinner so it gives a stiff surface with less chance of coming in contact with the recessed area. When you get old, your hands tend to shake a little.
With a little patience, you'll have a perfect job.
