Shannon, I can walk you through the application. It is very simple. I think an arrow rest should be added. Not everyone can or will want to shoot off of their hand. I usually use shoe leather saturated in super glue for an arrow rest. I can send some of that along also.
I would use the Tru-oil. With enough coats, you can get a deep finish with it also. If you give the bow a good hand rubbed oil treatment first, the grain will really jump. I usually use linseed oil for this but I think tung oil does a better job. You will have to let the oil dry well for a few days first before adding the Tru-oil. Pat