I don't think people generally look at them as either/or type tools. Most people prefer to have both, full stop. I think it is a question of priorities and the allocation of scarce resources (i.e. space and money). Nearly everyone buys a table saw first, which I guess is sensible because a $600 tablesaw is probably a better machine than a $600 bandsaw. However, I do work in a limited space and I look at the footprint of my tablesaw and wonder if it is earning its keep. Any cut I can do on either the tablesaw or bandsaw take to the bandsaw. Rips, tapers, even some cross cuts all on the bandsaw. It is quieter, safer and often faster. I can get repeatable rip cuts with my 1/2" carbide tipped blade and clean the edges on the jointer or run them through the planer on edge. Maybe it is a little faster on a tablesaw, but I typically clean up tablesaw rips cuts by hand or on the jointer anyhow. I guess I place enjoyment over efficiency, which is why I use my bandsaw more than my tablesaw and almost never use my router table.... if I had any hand eye coordination I'd just keep a bandsaw, jointer and planer and do everything else with hand tools. But I have feet for hands, hands for feet, thumbs where most people have fingers and might be cross-eyed as well.
Let us know how the shellac works. My project was small with Danish oil as the finish and using shellac later didn't help much with the smell. It could have been because of contents had the oil smell embedded in them so I couldn't really tell if the shellac helped.