Les, weather it’s right or not, I always assemble first, then apply the 50/50 mix, either by dipping or brushing if the item is too big to soak. Then I’ll shake of the loose oil then use compressed air to blow off the remaining oil. After the oil is dry, I’ll apply my topcoat, usually spray lacquer. Here’s a clock I made a few years ago. Made from 1/4 Cherry and Maple. No stain. Finished as above.