I've tried tung oil, and had good results with it. I saw it on that woodworks show on DIY. The guy there (great woodworker btw) put on everything for a real nice finish. I got some in wal mart when they were doing a remodel for 1.00 a can. I also liked the way it dried.
I am going to try to make some small swimming baits for freshwater this year and was going to try that. Sealed a bunch of topwater stuff with it and no problems so far. I have smaller cans with a pop top. I put it in a good sealing glass jar. Still did get some drying on the top layer, but was able to keep the stuff in the original can in good shape.
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