I have been obsessed with finding the "perfect" easy to apply on lathe finish. I have tried just about every concoction and commercial product available here in the US and abroad.
I still come back to my home brewed friction polish. Not trying to toot my own horn, simply want to share. It is easy, forgiving, inexpensive, and durable for daily use items.
I use 1/3 by volume hard shellac. This can only be purchased from luthiers supplies in Australia. It is a chemical additive that renders fully cured shellac as hard and solvent resistant as any modern product, including the newer two part systems.
Add 1/3 by volume pure tung oil. DO NOT USE polymerized oil. Tried that, and it was a dismal failure. I get mine from Rockler.
Add 1/3 by volume DNA (get the good stuff).
Last ingredient is a couple of tablespoons full of Meguires or Mothers "100%" carnauba paste wax (not the creme). Just take a plastic or metal (do yourself a favor and do not use the tableware), and shave enough off to fill 3 tablespoons. Drop it into the batch.
Shake, shake, shake, then let it sit for a day. It will settle, but easily be re-suspended with a quick shake before use.
Put into a dispensing bottle (like a ketchup squeezer). I make about a quart or two at a time. Lasts forever with over a year or more shelf life. Share with your friends.
Apply with good quality paper towel, folded into a tight rectangle. Lathe at about 2000 rpm. First coat applied with lathe off for full coverage, then relatively hard pressure at one end of pice until friction melts and flows the finish.then slowly move the paper towel over the piece towards the other end. Second and third coats applied with lathe still spinning, using the same area of the paper towel used in the first coat. It will have formed a hard smooth spot on the paper. Use much lighter pressure, and go back and forth across piece for desired shine.
You can apply some microcrystalline or finishing wax over that when off the lathe, then let it sit for several days before buffing if desired. It will become rock hard after a week or so, but can be used after a day or so.
Works "like" Shellawax, but is much cheaper and much more durable. You will not be unhappy.
If you prefer a matte finish, it can be applied off the lathe with paper towels, buffing by hand as it dries. Several coats imparts a beautiful dull sheen that can also be buffed after a few days.
Much deeper finish than Deft or General Woodturners Finish IMHO.