I had the same issues as you.... paper towels and CA don't work for me. Everyone has their own method, I get great results using the following tricks:
1. I start out by sanding through 12000 MM before finishing. This may be overkill, but it's what I've been doing for now. Then a gentle wipe using CA accelerator with a paper towel. This will remove the surface oil for oily woods and any remaining sanding dust. Let the accelerator evaporate for about 10 minutes to avoid instant curing issues.
2. Russ Fairfield's applicators work great for those who don't get along with paper towels. Buy a bag of synthetic quilt batting for $5 and it will make more applicators than you can use in your lifetime. Cut a strip about 1.5" wide and back it with masking tape. Then cut squares from the strip and wrap a piece of narrow masking tape (3/4" wide or so) around the middle. Now you have two exposed batting surfaces to use as an applicator and a masking tape surface to grip. The synthetic batting doesn't cause the CA to cure like a paper towel does. I think Russ reuses the same applicator for multiple coats, I get into problems trying that... so I use each "corner" of the applicator for a coat. So I get 4 coats out of one applicator.
3. 10 coats of THIN CA. I don't have luck getting a good even coat with medium or thick. I will occasionally use medium if there are voids to fill, or if I have a lot of pitting after sanding the final coat. I use about 10-12 drops to coat a two-barrel pen. And I finish both barrels at the same time, so I apply the 10-12 drops, then gently wipe on both barrels at fairly slow speed.
4. Wait at least 10 minutes in between coats if possible. Accelerator can be used to avoid this wait.
5. LIGHT sanding with 600 grit between coats to remove any roughness or stray particles from the applicators.
6. After the last coat sand with 400 grit until there are no pits (shiny low spots). If you have an abundance of pitting that does not sand out, do not continue to buff out the finish, there will be imperfections in the final result. If this happens, apply a coat of medium CA, and that should fill them. After dry, sand out the medium with 320 and 400 until you have a good smooth surface.
7. Once you are happy with the smooth surface after your last coat, wait until it is good and dry and sand with 400, 600, 2400MM, 3200MM, 3600MM, 4000MM, 6000MM, 8000MM, 12000MM. Then plastic polish of your choice.