I'm currently finishing a Stew-Mac tenor with their aerosol nitrocellulose lacquer. Because the spray cans put out a lot less material than an HVLP sprayer, you'll probably need to do as many as 12 coats to get a thick enough finish to final sand without hitting wood. You'll need to do a bit more sanding with the spray cans because the mist is not as fine as what comes out of an HVLP system, creating a slight "orange peel" effect. And be careful when a can gets low, because they tend to spit as they run out of material. At least that's been my experience; YMMV.
BTW, next time I'm biting the bullet and investing in an air compressor and spray gun so I can do a decent waterbased NC lacquer finish. My wife is complaining about the smell emanating from the garage caused by the toxic stuff in the aerosol cans.