Oily woods
For what it's worth, here are a couple of my experiences:
1) Cocobolo & Bocote desk set, see attached pics. I first attempted wipe on poly, and it never did dry on the cocobolo hearts. I attempted several coats, sanding with 0000 steel wool in between to no avail. I'm in Georgia, so my shop temperatures were warm. I contacted Minwax, who actually recommended Waterlox for oily woods. I tried it, and it worked beautiful on both the cocobolo and the bocote base. I've used it for some of my pens with success.
2) Wenge & Bolivian Rosewood desk set, see pics. I had the same problem with the rosewood base, but this time it would not dry (completely) with EITHER wipe on ply nor the Waterlox. But I did notice that if I wiped the Waterlox off after 24 hours, a very thin layer actually soaked into the wood. So I wiped it dry, let it sit two more days so I was sure it was dry, then polished it using Minwax furniture paste wax. Again, the final product was quite nice. I used the wWaterlox on the wenge hearts with no problems, but wenge is not oily.
So, I think bottom line with these exotic oily woods is to try a number of products and methods. Then post them here so we can use them too! Good luck and let us know your outcomes.