If this is Iron Gard paint it is just alkyd enamel. I know some will disagree. The reducer does not determing the need for a hardener. CIH reducer should not require a hardener.
The choice of solvent is up to the painter, the solvent has to thin the paint so it can be sprayed and also should give some control over the speed of evaporation so the paint flows but will dry neither too fast or too slow. Naptha, acetone, mineral spirits will all work depending on the temperature. The advantage of using an acrylic enamel reducer is there is good temperature control, you can use fast, meduim, slow evaporating reducers depending on the room temp. Acetone may be the right vapor pressure to evaporate at the rate favored by your painter but has nothing to do with the need for a hardener.
I am not sure if a hardener for alkyd or acrylic enamels really changes the final outcome but it will get you there faster. The shine and durability is likely similar or the same.