I've had excellent luck with the mixed acids etch listed in ASTM 407 as I believe etch 89. It is a mixture of nitric, hydrochloric, acetic and glycerin. It does a great job etching grain boundaries, etc. The solution starts out pale yellow and darkens over time (minutes); the darker it gets, the stronger it gets.
For nickel alloys, let it stand for 4-5 minutes or so and then swab. Do not use after 30 minutes or so and do not store.
I agree with Unclesyd that hazardous etchants are not as popular now as they once were - I can't remember the last time someone used Murikami's...