I've used generic 5:1 epoxy
(the type used to finish floors) on the saloon
table in Boracay. It's worked out well being resistant to stains with a smooth durable finish.
I just mix it up carefully and apply it full strength with a cheap
brush. Thinning does not seem to improve penetration much and the final finish is not as good.
The softer woods do soak up a lot and its good to get the wood as saturated as possible with the first coat. These days I use peel ply and absorbent pads to suck up any drips but only where it won't show in the final finish.
Keeping the area and the job as dust free and oil
free (no sweat drops!) as possible helps a lot in getting a good finish.
When recoating don't believe anyone (even the manufacturer) that tells you it won't blush. I use a little bit of cloudy ammonia in water
until my finger "squeeks" when rubbed acros the surface. Doing this before sanding
saves having the waxy blush ground into the first coat.
As you can see from the photo
is still a work in progress.