Eric is right Jim, as lacquer went bye/bye when newer paints came in but it lasted until the mid-eightees as I remember selling a ton of compound & buffing pads to metal shops. As I recall the matal guys hated the work necessary for a perfect paint job before & after. The newer paints were thicker & hid some problems. However, unlike lacquer you needed a paint booth,heat & you had to watch mosture. Lacquer can be used anywhere, dries in minutes and can be buffed out. I was able to take a junk yard part, sand it,paint it (2coats)& put it back on the car in under 30 minutes. I'm not sure how long it will look good or last but my T was restored in 69 with a lacquer paint job & looks as good today as my 06 cars. For what it's worth...