beeswax and olive oil 3:1 mixture works really well. If I remember right 3tbs oil to 1tbs wax, but I may be remembering backward.
I think olive oil goes rancid does it not. ? Walnut oil is good but expensive. One thing I like about Shellac is the Patina it gives the wood especially the amber stuff.
Bow101 is right, olive oil does go rancid after a while, spend a little more for the walnut oil, you'll be happy you did.
I have used a combination of a base coat of shellac and then tung oil on some arrows and was disappointed. Not in the quality of the finish, but when I shot mine at some fibre targets at Mojam last year, the fibres melted to the arrows. The heat that was generated from the arrow penetrating the target caused the finish to become soft which allowed the fibres to become glued to the arrow shaft.
I also had a recently finished bow at that same Mojam (90°+), the same finish had been applied some weeks earlier but it also became soft from the heat and my unstrung bow left an impression from where the string was resting close to the tip.
Has anyone else had any experiences like this with a shellac and tung oil combination?
Maybe a few weeks just wasn't enough time to allow the finish combo to fully cure?