Depends on what you like... Do you like wood, or plastic with wood underneath. Personally I am pretty much into the plastic covered wood look.
If you like the wood look and don't mind reupping your finish frequently, go ahead with the buffing wheel and wax finish. I tried it and found it to be quick and leaves a nice "sheen". Oily woods like cocobolo seem to polish up better than others. But... if you are wanting that million miles deep shine, the buffing wheel/ wax finish is not for you. I wouldn't give up my 3in1 buff, as if and when I want a natural wood look, that is the way I will be going.
Anyhow, if you want that superslick "wet" look, I don't think you can beat lacquer. If speed is of the essence, try one of the CA finishes.