Maybe. I concerned about the long term stability with high temps. Here is RCA's old recipe from my earlier link. I don't think I'll find this in my local hardware store
This recipe for RCA's basing cement, yielding about 200 pounds of material, was "standard for all bases."
Coarse marble flour 170 lb.
Orange flake shellac 19-1/2 lb.
Durite phenolic resin LR275-2 7-1/2 lb.
Medium-color (grade G) rosin 3-1/4 lb.
Denatured alcohol 9 liters
Malachite Green aniline dye 10 g.