Do you prefer solvent-based because it comes in a spray can so you don't need a roller, because you can spray it while hung vertically, or because it dries faster?
All of the above.
I avoid windy days, time my spraying to the wind level, (and other factors I'm probably forgetting now).
I apply four coats -- vertical, horizontal, and both diagonals.
For up to 24 x 36 I can hold by breath long enough for each direction that I do not need a proper respirator. For 44 x 65, I do need one. (Research what is needed.)
I just leave several minutes between coats (long enough for me to catch my breath).
I wear goggles that seal well.
I've found there is or was a major difference in quality of nozzles. Premier Art's is one of the best.
I have never seen cracking, but I assume the acrylic becomes rather brittle. So, after spraying, the print is not rolled for shipping or storing.
I mount my canvasses and glossy prints on acid free foam core. For very large prints having a pro service bureau do the coating and mounting on Gator board makes a lot of sense.
I do think the water based can give a better physical barrier and protection, which may be useful for canvas-wraps (which I do not favor, but understand for at least color work, as opposed to my B&W).
Paul
www.PaulRoark.com