A friend who makes wood pens uses thin CA to put a final finish on his pen barrels. He says the trick is to spin them up in the lathe and wipe the CA on with a rag, then polish it the same way with an ultra fine buffing compound.
He gets it hot enough (through friction) when applying the CA that it will burn him without gloves, which he claims is the only way to get a good, hard gloss from the CA.
As a long time machinist, it bothers me to no end to see a gloved hand and loose rag so close to a turning headstock (or anything chucked up in one), but it's his hands and his business. I mentioned it one day and he poo pooed my concern and said he's never had any problem doing it. I knocked wood for him anyway.
Personal concerns aside, if you were not expecting a high gloss I don't see why wiping CA on wouldn't give you a hard finish. I could see it being tricky to get a level finish, but if you were willing to work it enough that should be doable as well.
Oh and do it in a well ventilated area or use a filter mask, there is cyanide in that stinking byproduct of CA curing. I've used it on balsa and it's annoying enough in small doses I would never try anything with a (relatively) large quantity of uncured CA out of the bottle without some intake protection.