I'll be interested in your results. If for nothing else than my own edification.

I would expect at least a little bit of lift even with the shellac, but it shouldn't be drastic and is completely manageable with careful application. This is what I've experienced with both hand-applied poly and Tru Oil over both water based and alcohol based dyes.
It generally has stopped lifting (98%) after the 2nd coat has dried.

I should say that by "lift" (colour pull) it has not been a total smearing or smudging of the base colour, but a noticeable transference of colour to the rag I'm applying the top coat with. It's important to get nice even coats and not allow winrows to be left behind. This will result in a streaky appearance.

Again, interested in what your experience is.