I've used Deft lacquer a few times. The oldest piece is about four years old so I can't definitively tell you it will not yellow but I can tell you it is highly crack/check resistant.
Just how resistant? The last guitar body I shot with Deft I accidentally hit with a squirt of liquid canned air. It occured right after wet sanding, and before final polishing. I was trying to blow sanding dust out of the trem cavity and managed to tip the can a bit too much. The liquid came shooting out and literally froze the finish wherever it hit, to the point where the finish instantly crazed. I was in the midst of kicking my self when I noticed that as the finish regained room temperature the cracks were healing themselves. An hour later the finish buffed out perfectly.
So yeah, there's a fair bit of plasticizers in Deft.
Although, if I was dead set against yellowing I'd probably use an acrylic - those go on water clear and stay colorless.