Tim,
If you read through the finishing forum, you'll see that there are a LOT of different opinions on this topic. For example, there was a recent post about BOW, in which some people said never to use friction polish, because the heat causes problems with the wood that leads to cracking. But others said that they always use friction polish on BOW and Pink Ivory (another wood that is supposed to be temperature sensative) and have never had a problem in over 50 BOW pens. Similarly, some say not to use CA on Cocobolo and other oily woods because the oils make it hard for the CA to adhere evenly. I have done a BLO/CA finish on several Cocobolo's now, and have had only one that I wasn't happy with (just sanded it down and tried again, and it worked OK the second time).
The moral of this rather lengthy answer is that trial and error may be the only reliable way to know what works best for you.