Dave
It comes down to a matter of personal choice I think. I sometimes read about people's take on the friction polish and have wondered are these people just polishing these woods on the lathe. I do alot of scrollsawing work and on some of my pieces that I have used oily woods such as rosewood, bacote, and ebony, I sanded to 600 grit, sealed it with blo and then polished it on my Bealle buffing wheels using all 3 wheels and the shine is perfect. Now the problem here is these are pieces that are not handled like a pen so not sure how they would hold up. One of these days I am going to try this method on a pen and use it as my everyday pen. Just thinking out loud. In fact I just cut up some blanks of Zircote that is in the same oily wood family and will try one of these. After a few months I may report my findings.
Happy Turning.