2 pack epoxy paints are the modern paint now used by professionals. It is covered by an epoxy clear coat. It is scratch resistant and resistant to chemicals. Very glossy. In Canada water based epoxy paints will mandated in near future.
Acrylic urethane paint can be done by pro or home hobbyist. If your doing a mettalic colour a clear coat must be appied over it which protects it and gives it a glossy look.
Acrylic Enamel paints can be used for non mettalic colours. It isn't as shiney but needs to be buffed up with power buffer (or lts of elbow grease.) This comes closest to the way most TR7's would look from the factory (which used thermo plastic acrylic paint where it is sprayed on then baked to give the glossy appearance).
Lacquer is not often used and in some locals is illegal. It is the least resistant to chemicals (bird poop etc.)
I got a epoxy respray on the Toyota about five(?) years ago. I saved $300 taking off stuff. A number of parking lot dings were repaired. It was done by a well equiped modern paint shop with a good reputation. The cost was $1700. Convert to your local currency at xe.com although this will only be an approximation as it was a period of time ago with different currency exchanges and inflation in interm.
TR7 Spider - 1978 Spifire - 1976 Spitfire - 1988 Tercel 4X4 - Kali on Integra - 1991 Integra