Congratulations on your lacquered Sovereign Bass - if it is 9 years old, it should be a good one! Having had both finishes myself, I would say it will require a lot less effort to keep looking good. I used to hate polishing a silver instrument - always ending up with black hands.:frown:
One bit of advise I would add is to wipe the areas which you hold (such at the tube on which you rest your right hand) with a duster before you put it away. Otherwise, your sweat may eventually eat into the lacquer. That is something which I have experienced.