Poly can buff out just as clear as nitro.
But poly can't deliver a finish that looks like you could stick your arm in it up to your elbow.
Buffed poly looks like it's been dipped in clear plastic, enamel is pretty much the same but has a more diffuse appearance, more of a syrupy gloss. Acrylic lacquer comes close, but it still appears to have a clear topcoat.
Nitrocellulose lacquer is the only finish I know of that buffs out to look like color with no clear and has a 3 dimensional look of depth to it. The guy who taught me to paint called it a hard gloss and said nitro was the only finish capable of delivering that look.
Oddly enough, people will use nitro will then buff it out and throw a ton of clear on it. I understand the reasoning, protection and looks better longer, but it completely kills that special look that only nitro can deliver. You might as well use poly and save all the extra time and effort.