well since it's a basswood body (yea i'm gonna get one of those tele kits too, but geetting a custom neck from litchfield, and doing my own custom inlay, and yadda yadda yadda) I'd say go with a solid aerosol spray from reranch. Then on top of that, if you're gonna polish (see LGM's polishing tutorial) use a wipe on polyurethane, and if you have a bad feeling you woul deat through the finish, using an aerosol clear coat, and no polishing looks just fine. But i do recommend using some sort of autobody wax to do a final shile on it. i find That Turtle wax Express Shine works very well and is very cheap and easy. You spray it on like Windex (exactly the same way) then buff it off. That's what i did on my last project. (pics on the way!!) and it looks great.
oh, and for a really good cleaner, if you go to any Eyemasters or Sears Vision or optomotrist place like that (not a small office) they sell stuff that you use to clean your glasses, and it works well to bring a shine to a finish, or to get rid of fingerprints and such.