I use standard shellac sanding sealer for quite a few items, especially those I intend to finish with shellac, and I use a dewaxed blond shellac for the finish, when it comes to burnishing I have noted a couple of interesting points. It's rare for me to get a super finish off the pad when applying the shellac and there are always small marks and lines, you can buff these off but I find sanding the thing smooth by hand with 400 grit a better prospect.
Then the buffing is done with a light touch, moving the piece all the time and only using the tripoli wheel. Tripoli will cut the shellac back to a high gloss and as long as you don't use too much pressure or hang around in one spot for too long, it will not melt or drag the shellac.
Don't use the diamond white wheel though! as this will very quickly warm and drag the shellac and to little gain in the gloss, I can't see any difference between the two when used for polishing shellac. You can go lightly over it with the third polishing mop, but as you already will have a high gloss finish from the tripoli, it seems redundant.