Maybe I've just had beginner's luck, but I've been using tung oil without waiting for it to cure--let it soak in, then wipe off any excess and add a dozen coats of CA. My everyday fountain pen's been in my pocket with keys and pocket knife for months and you have to look close to see any marks. YMMV ...
David, yes it will work as you said. There are other oils such as BLO and teak oil that can be covered by CA, Polyurethane and others. However, the original post was asking about TO primarily and Polyurethane. Poly is OK but not necessarily a long lasting cover for a pen finish; Gym floor or bowling alley type of poly are more durable. Industrial grade polys can probably work too. As to CA and Tung Oil, yes. CA will generally last longer than Poly but Poly is acceptable to some. One problem with poly is using it before it has fully cured, or using it some conditions and it seems to soften a bit due to humidity or caustic sweat humidity from the palms/fingers or shirt pocket.
That brings the questions to "Why Oils" underneath a hard protective outer finish. Oils under poly or CA - in general are used to "pop the grain" or make the grain stand out. BLO and Teak oils are primarily used for that. BLO is used by some to speed up the curing of CA just a tad. A pen maker should get familiar with the different kinds of woods and do some google searches on specific woods: Oily woods (woods with oily resins such as ebonies, snake wood etc.) and BLO (or other finish oils) are a recipe for the CA or poly not building a strong bond on the wood and later separating from the wood.
Using TO as a preservative under CA or Poly are not necessary in most cases, but it is not going to hurt unless the wood is an oily wood.
IN your case of using TO under CA before the TO has cured is similar to using BLO or Teak to "pop the grain". By not letting it cure, the benefits are not much different than BLO or Teak.
I should make a minor correction here: There are two general types of CA Applications: One in which a CA layer is built up by applying 8, 10, 12 layers with paper towel that amount to .005" or .008" thickness max - using calipers to see how much the CA has built up, . . . versus applying a few thick layers of CA to build up .01", .015", .02" etc. The thicker .01 & .015 & .02" will in all probability not need oils or tung oil as a preservative as the CA alone will do that. The thinner layers may benefit from TO as a preservative/water resistance.
Everyone's use and choice of oils or CA or Poly or lacquer are purely subjective. But to me, Tung oil has three distinct advantages in combination that others generally have only one. 1. Tung Oil and others - pop the grain, 2. TO - a super finish on its own if one allows the TO to saturate for a period of time, wipe off and repeat. This is my personal choice, it does better than most oils and lasts longer when done this way over a week or two (on furniture - but I don't do it on pens, personal choice). 3. T.O. properly applied is far more water proofing than other oils and even lacquer and some polys.
Not yet mentioned: Waxes: Waxes are temporary at best. They make wood look beautiful, but they are not permanent. Waxes are a continual process.