Sorry there Sunray and GBEYPAT, I beg to differ with ya. The Formsby Tung Oil Finish I got did not come in a can, it came in a plastic bottle. The bottle stated it was not a varnish, however an oil that became extremely hard, and an excellent protectant of quality furniture. (not cheap furniture)
Granted it does take a long time to dry, however I didn't slather it on, I hand rubbed it so you could see the grain, refer to the photos. One of the things I noted it didn't run, and it wasn't as hard to clean off my fingers as Tru Oil. Incidentally the next stock I do I will use Tru Oil, as it does go on a lot quicker and dries a lot more rapidly. However, honestly, I don't see the difference between the two finishes, and several people here stated it held up really good.
BTW thank ya 1Kperday. I plan on getting the blued steel back tomorrow, and after I re-assemble it I'll post some photos of the finished product