That's very close to the technique I use, but there are a few things I feel are worth highlighting, and two differences that have made my success rate with this finish increase significantly.
1.) Less is more. Per coat I only use 1 drop BLO (Boiled Linseed Oil) per pen half. A max of 2 drops CA- I prefer thin, some people have better success w/ medium. Also, once the CA is spread along the blank I pull the applicator away and allow the CA to cure on its own. I've had less streaking this way.
2.) Is there a baker in the house? Parchment paper, used in baking is a great alternative in this situation to a Bounty paper towel as there are no fibers that can intrude upon your finish. If you do stick with paper towels go ahead and invest in Bounty. I've used an off brand which led to much weeping and wailing and gnashing of teeth. Not to mention a flawed finish.
3.)Feeling buff today? I have not buffed any of my CA pens. Partialy because they are in "field test mode" as I want to see how long the finish lasts under difficult conditions without the added benefit of the added wax layer. They're being tested by riding around in the bottm of Mom's purse, and so far have shown no degredation of finish, unlike pens that I've finnished with friction polish. We'll see if this keeps up over time.
I'd love to hear other people experiences with a CA finish, as I'm moving to this kind of finish for all my higher-end pens.
Looking forward to the input!
-Anna