Finally got the finish sorted out, This is what I ended up doing and it worked fantasticly.
Sanded the wood down as fine as I could using micromesh 12000 although 4000 would have been enough.
Then 6 coats of pure tung oil thinned 50% with white sprits, one coat a day followed by a very fine sand with 4000. Next the tru oil varnish straight from the bottle , wipe on as directed on the bottle wait 2 hours then another coat. Wait onernight then block sand with 3000 micro mesh very lightly to remove dust and even the top out, Do this for 5 days and you will have a nice coat but close up you will see very fine wipe marks so the next step is for the perfectionist. Buy an air brush and compressor- Thin the Tru oil 50% with white sprit and spray on lightly , remember its oil so it will run in no time, thats why I used an air brush and not a spray gun although you could try that I guess. Leave a day and then polish off . Leave it two weeks
You end up with a finish some where half way between oil and lacquor.
Full view
Bench View
For the Australians out there
You can get the Tru Oil from Gun shops, i got mine from one in Sydney and it was mailed out - Too easy
The P90`s are made by a guy in Adalaide, Mick Brierley . Very good pick ups, I have the same style guitar with Lollars and his sound just as good in fact I think the neck pup is better. Mick will work with you if you need something a bit different.
Mike Brierley pickups web site