I used the dipping tube from 3R and their recommended gasket lacquer. Dozen arrows, three dips per arrow, 15 minutes max....IF I HADN'T HAD ANY COFFEE AND WAS SERIOUSLY SLUGGISH! Bang, done, move on.
Three dips leaves you with a beautiful glossy finish that is fairly tough.
Now for the negatives. If an arrow spends a little time in the grass and there is any moisture, the wood will swell and the finish will crack and peel off. If you have to use a little heat to correct a bend in an arrow, the finish will immediately erupt in bubbles and you will have to scrape down the entire arrow to start over.