Chipping of paint is usually caused by improper surface preparation before painting or laying on prime coats too heavy where there is poor adhesion between the wood and the primer or between the primer and final color coat. Lacquer, unless it's the modern catalyzed type, would be an inferior coating for shop cabinets. I would stick with an epoxy or urethane paint but pay particular attention to using the same brand compatible primer and follow the manufacturer's instructions. A properly applied primer and paint top coat should not chip but will, instead, only show some depressions into the wood when dinged with tools or other objects.
Glen