Roman,
2lb or not 2lb, that is the question. Whether 'tis nobler
in the mind to suffer the
slings and arrows of outrageous (mis)fortune...the finishing debate goes on and on.
My limited experience has taught me that with a 1 lb cut, I can put more than twice the number of coats on the surface as with a 2 lb cut over a given amount of time. Mostly because it flashes off so quickly.
If you have weak or damaged wrists but want to use shellac (for the reasons stated here), you might try to use a 2 lb cut and brush it on 3 times a day, then sand it back flat. I've done that using ShellacFinishes Royallac (regular, not post-cat) and it came out just fine. Along this path, I learnt how to brush (use taklon brushes) and sand more carefully as well as NOT to use water as a sanding lubricant on shellac of any kind (about 9 - 12 months later it crazes like crazy; the absorbed water is trying to get out).
I like shellac as a finish. I have a buddy I build for occasionally. We've discussed finishes - he told me that his guitars "live in the real world" and they will get beat up some no matter what the finish. He (and I) believe they sound better and that is more important TO HIM than the appearance. Other customers will no doubt have a different opinion. I still put shellac on the top of steal string guitars; I tell folks that whenever they want, they can bring it back and I'll re-shellac the top. This, of course, is a poor business practice, but I'm not in business...
Steve