A coworker mentioned something this week about reading something about pigmenting water based clear coats with latex paint.
For ha-ha's, I messed around with "thinning" latex with ML Campbell Ultrastar. I sprayed my small test boards with a Critter @ 45 PSI. I have no doubt this blend would spray very similar to the straight-up Ultrastar product in my HVLP rigs.
I found that ~ 30% Pratt & Lambert latex to 70% Ultrastar gives a fantastic result!
I'm essentially replacing Floetrol with water base lacquer. It dries HARD quickly, is rubbable, and takes the sheen of the chosen Ultrastar. I tried both Dull and Satin sheens, and they matched the product sprayed as clear coats. I'm confident Gloss Ultrastar would work as well.
Try it with whatever WB and latex you've got lying around on some test panels.