Nice choice if you're looking for a sealed finish. However, shellac is dissolved in alcohol, therefore, no cleaning the mod parts with alcohol!! I mean, you can, just be careful not to spill on the finish.
If you want a simple application, the de-waxed shellac by Zinsser's is just fine, HD or Lowe's carries it. It is a clear shellac.
If you want to add some tint to the cherry, I'd order some dewaxed shellac flakes and mix your own. Most tinted shellacs in-store contain a wax. I don't exactly remember why, but during my woodworking adventures I did deduce that using de-waxed shellac is better for many reasons.
Mixing your own shellac is very simple. Choose your flakes based on level of tint/darkness you want. Order flakes. Weight you flakes based on the amount of shellac you need to make. Soak flakes in denatured alcohol & stir until dissolved. Apply. re-apply as needed. Light coats. If you mess up, wipe with alcohol and re-apply.
I always ordered my flakes from The Shellac Shack. They even have a sample pack I believe with different shades of flakes. They also have plenty of info to help you.
Yeah I've been reading lots of articles on it... so De wax shellac it is..
They say to follow up the final coat with a wax. Do or dont?