I’ve done 2 necks, regular fender gloss necks and am happy. I wouldn’t do anything vintage or super high end. The feel I chase is what is factory on my 1995 sting ray which is Birds Eye maple. I understand they do the raw>handful of oil coats>wax technique. I used tru oil and Howard’s feed wax.
The non-skunk, I sanded down using fairly coarse paper which took a long time to get to bare wood. The skunk stripe one, I did the razor blade scrape technique which was a lot faster, then sanded by hand.
Non skunk, I think I did like 3 thin coats of tru oil. It still feels somewhat raw, but feels great. Skunk, I splashed a little minwax stain to attempt the Nash relic look, then did like 7-10 thin coats before the wax. It still feels a little raw and also great. It’s easy enough to do without screwing up. Gloss doesn’t necessarily bother me, but if it does, I won’t hesitate to treat with the oil/wax mod. I followed this guy: