Welcome to The Village John. I know you'll find the answers you're looking for, unfortunately I don't own a Hawk. What kind d of cutting do you do...fretwork, puzzles?
I use BLO/mineral spirit mixed 50/50. Can be handled in a day but takes a few more to cure. I also found that sanding to 220 grit before the finish provides a better sheen in the finished product.
This is a Steve Good pattern. It was easy and fun to make. I think the 3/4" standoffs are too long. I'd suggest making them 1/2". The background is just 1/2" BB ply stained cherry. I painted the edge black.
I met Gerald several years ago then found out he lives 1/10th of a mile from me. We talked a few weeks ago and found out he has a hobby... he catches moles. I invited him over and he caught 3 moles in 4 days. Our yard has been mole-free for over 2 weeks now. I made him a Bluebird house to show my appreciation. It's Eastern red cedar.
I was bored so I cut these for our park's educators. I plan on making many more as they are fun. Made of 3/4" poplar, cut with #3 and #5 pegas blades, and finished with 50/50 blo/ms.
I have had it happen but I'm not sure if grain direction (with or across) makes a difference. I us Ally sand all my boards first and that reduces the problem a lot.
Definitely whatever speed you feel comfortable with. As you can tell by the posts there are many variables in the speed you choose, but ultimately it's your choice.