I use Bullseye Gloss Shellac on all my sticks...it adds a very slight "tack" which I like.
I have an old Craftsman lathe set up for sticks (+/- 16") and use it to sand away chafe and ware...then I apply the shellac using cut up pieces of foam rubber. I leave them spinning for a couple of minutes and set them in a rack to dry completely.
Also good for new sticks that come with a dry or raw feel...
Not exactly, but I added electrical shrink wrap on a pair of Bill Stewart sticks (fattened them up a little) - as they are just too thin but have a great light feel and tip. I then painted mod podge glow in the dark on the remaining exposed wood to make them cool when I play in the dark......it wore off though!
I would think it would be hard to apply a thin layer of lacquer that won't feel funny or bumpy.....I agree some paraffin or waxy glue stuff for grip should be applied instead.