Hi Tony
I have done several Cocobolo pens and I LOVE the results! The wood has a lot of variations between pieces. Some are dark, some are orange, but all are very, very nice.
There are others who have warned about the allergic response they have with Cocobolo (which I have never experienced), but a word to the wise was sufficient for me and I hope for you. ALWAYS use dust collection and wear a mask. If you find yourself having a reaction, consider where the particles may wander to (like your clothes, hair and hands) and do what you need to do to keep yourself and others safe.
Yes, you have described my procedure exactly. I sand, then clean with DNA before I apply CA. I have always had excellent results.
Good luck and let us see the results.
Warren