If you decide to just try to repair the nitro crack rather than something more involved ...Nah,....jes kiddin!
A word of caution:
Nitrocellulose lacquer melts into itself, making it ideal for nearly invisible touchups on lacquer finishes. But that also means there is potential to disturb or damage the existing finish. Experiment with the markers on scrap wood to get a feel for their flow and application before attempting a repair on your guitar.
Someone will turn that sentence into a dirty joke, but it won't be me. ;-]... bare wood oiled feels way better!