Hi Jim,
Welcome back to the hobby and to the forum!
If you have questions, this is the place to ask.
Ok, I'm no expert on paint (but hopefully somebody who is will come along and elaborate further), but my understanding is the terms acrylic, enamel and lacquer refer to the carrier medium used within the paint and, consequently, affects how to clean up after use.
It can also be an indicator of affects on the plastic - ie, i've heard that some hardware store lacquers are considered "hot" and will melt styrene if used on them. I'm not sure which lacquers these are, so i just tend to only buy paints and their proprietary thinners from hobby stores assuming they are all ok for styrene.
Acrylic: is generally "water based", and, theoretically, can be airbrushed and cleaned up with water. In reality, i've never had success using water as a thinning agent and always use acrylic thinner for airbrushing.
For clean up, i use windex and water.
I use acrylics for pretty much all my major painting and exclusive airbrush acrylics.
Enamels: i think these are classed as oil based. To clean up, you need to use enamel thinner or mineral turpentine. I generally use these for detail painting only, as they tend not to dry as fast as acrylics.
I hate airbrushing enamels as they're a bit of a pain to clean up and require slightly more toxic substances to do so, rather than acrylic.
As for lacquer...sorry, i'm not 100% sure on what the carrier base is. I only use them for clear and gloss overcoats. I presume they can be used for other purposes, but i'm a bit unsure.
Generally, if you airbrush, you can use one over the other. However, if you use a wash/pin wash, it's best to use a paint of one carriers which is different to that of the base coat.
eg: when i do a pin wash in rivets, i'll use an enamel - because i use acrylics for the base coat.
Ultimately though, it's really up to your personal preference as to whether you prefer acrylic or enamel and whichever gets you the best results (and which colours you can find in each to suit your needs).
Hope this helps.
Chris.