Hello Dragonman,
I like a nice deep tung oil finish.
Its a nice protective finish that is infinitely easy to repair when damaged.
On top of the Tung oil I go with Carnuba Wax.
Carnuba reads as one of the toughest naturally occurring waxes available.
And I'd touch up the tung oil as needed for normal wear and tear or minor damage on the trail through out the year.
But I'll reapply the wax at various points through the year.
You can apply a fresh coat of wax if there is a chance the weather might turn bad while out.
Only takes a few minutes.
Wax my boots, belt and scabbards with Kiwi and my wood with Carnuba and out the door I go.
Or you could always mix in a bit of Polyurethane with your Tung oil to up the waterproofing level of your finish.
One of my buddies does a 70/30 mix Tung Oil/Polyurethane.
-gus