If you apply it using traditional methods like thinning and sanding in a few coats and applying later coats in very thin viscosity, followed by hand rubbing, I think you can obtain a very traditional looking finish that is tough, weather resistant, etc.

Or...you can simply go buy some Pro-Custom Oil (urethane enhanced oil) in either the aerosol gloss or flat or get the non-aerosol for hand application. Brownell's has it in stock.