Cagey said:
No. In fact, you really need to do that. If it was me, I'd take it to a shop and have them do a fret dressing, as it probably needs it anyway. Kill two birds with one stone - get rid of the lacquer and smooth out the frets.
I disagree on two counts.
First, it probably doesn't need any fretwork beyond finish removal. Second, its not lacquer...