White Shellac or
Hard Shellac won't change the colour of your timber any more than wetting it down with water and shouldn't change the colour of white paint when applied over it. It dries almost as fast as Nitro and precat lacquers and for hardness the
Hard shellac is tougher than polyurethane and right up there with nitro etc.
It can be brushed, sprayed or padded (as in French polishing). Similar to what's known as padding lacquer in the USA main difference is that the shellac powder is dissolved in thinners rather than Ethanol to make padding lacquer and may have the addition of a small amount of oil.
Hard shellac pictured on website is a very bad photo of one of our old bottles it and is a light honey colour rather than the dark look in the picture. It is also cut by up to 4 parts ethanol (Methylated Spirits) to 1 part Shellac making it closer to the colour of
Sanding Sealer pic.
Hope this is of a bit more help.
Cheers - Neil :U