I've used Woodturner's Finish a fair amount and have started using it more than CA. I feel it gives a more natural look and feel than CA.
My process it to finish sanding my blanks with 600 - 1000 grit. I believe the white spots may be sanding dust not removed before starting the finish or sanding dust if you sand between coats. I've never had this problem. I use compressed air to be sure all dust is removed.
The first one or two coats will sometimes raise the grain. Use MM to remove the "fuzz". I then apply thin coats, 20 or more until the desired finish is obtained. Thin coats will leave fewer ripples in the finish eliminating any need to sand when you're done. Thin coats will also dry faster. I allow a minute or two between coats and make sure it's dry to the touch. The applicator I use is a makeup sponge I stole from my wife and now buy my own. I started out using paper toweling but had problems with paper dust. A rep from General Finishes gave a demo at one of our meetings and used a cotton cloth inside a nylon stocking. I tried it and started using the sponge. If I'm going to buff the piece I wait several hours or usually wait until the next day.
Woodturner's finish is a very thin finish so there is no need to overturn. It will not build up to any noticeable amount.
A few nights ago I turned a piece of wood, put a finish on it and washed it in the washing machine with some clothes. After drying and a light buff by hand it looked good.
A few advantages to WTF are no fumes, won't chip like CA, no off gassing and easy to apply. There's also no problem I've found using WTF regarding moisture or on oily woods. I've used it on some of the more problem woods, Ebony, African Black Wood, Rosewood, Cocobolo and more.
Edit: I forgot to add, Woodturner's Finish is available most places General Finishes are sold. Exotic Blanks also carries it. If you place an order with Exotics, Ed will give you a sample of this finish in place of a "freebee" on request while supplies last.
Try it I think you'll like it.