I had varying results with CA, and CA/BLO, before finding this site and my final method based hereon - key to which, for me, is that I now use accelerator.  Based on all the methods I've seen described on this site for CA, I've tried the following with good results.
Since I like the effect BLO has on wood grain, I use about a pea-size drop on the blue towel (which I let absorb into the towel a moment) then use that to apply two coats of thin CA, and then 
accelerator.  Then 6 coats of the 
medium/flexible CA using clean towel area for each, no BLO, but accelerator on each coat. Each coat of medium is about just under a pea-size drop - applied, but not "rubbed in".  Degree of ridge sanding varies on how evenly I applied the CA, so after last coat, I let sit a while, then wet sand - starting with 
this Norton sanding pad to remove any ridges.  As the Norton pad is aggressive, I'm careful about pressure, wipe off CA sludge frequently and check for level-ness (i.e., no ridges.) Then wet-MM all grits, finish with 
PlastX.
Been working well - good, even finish, decent depth, no chipping.