Lacquer is the totally wrong finish to use for this, especially around young children that like to chew on things. Go with a water based poly or salad bowl finish that's non toxic.
Deft lacquer is crap, consumer grade stuff anyway. Good lacquers can be found at cabinet supply shops with brands like ML Campbell. Much better stuff.
Let's see.... I think I'd probably have to disagree with everything you said!
Just about every finish I can think of is food-safe and non-toxic
once completely cured. Salad bowl finish provides almost no protection and needs to be regularly re-applied. Absolutely, positively the
wrong finish to use for a child's toy... unless you want it to look like crap after a day or two.
Polyurethane is a better finish for a child's toy, but... don't think that a finish is safe just because it is water-based! The advantage of a water-based finish is that the solvent, water, is less toxic. The finish itself, however, contains
far more chemicals and additives than an oil-based finish! And let's not forget that water-based finishes tend to have a bluish tint that looks like crap. And I've yet to find one that flowed out and self-leveled as well as an oil-based poly. Because of this, I tend to use oil-based poly rather than water-based. The only downside to oil-based, in my mind, is the long drying time.
Cabinet shops that use lacquer
all use HVLP or other spray equipment. They also have explosion-proof spray booths, which are necessary when spraying solvent-based lacquers. Since most people don't have access to a $1000 HVLP spray setup, brushing lacquer is pretty much the only option. There are only a couple left on the market and Deft is the most easily accessible. Is it as durable as the pre-catalyzed spray lacquer used by cabinet shops? Absolutely not. Does that mean it's bad? Absolutely not! I've had remarkably good results with it. In fact, the more I use it, the more I like it...