Oiling should work, from all I've read about it, if you have the time&discipling for frequent maintenance. There's something to be said about being able to touch up without a lot of prep.
My only experience with oil is doing the handles of my kitchen knives. They look great when they're freshly done, but I also don't keep them stored under a tarp outside all winter. Then again, nobody throws my DS into the dishwasher by accident.
About the epoxy covered with crosslinked PolyUrethane. Unfortunately it's been too recent to give useful data on durability. What I can say is that the resulting coat is more substantial than with varnishing alone and feels very nice. The previous PU varnish had a tendency to crack where something bumped into the wood. (Not a problem you'd have with oil incidentally).
I know that the previously used brand of PU coating, not crosslinked and applied by itself, without an epoxy base, has not held up well - it's subject to flaking off (one or more layers of the stuff decide to separate in little flakes - at unpredictable times). This has not happened the cross-linked PU over epoxy. That's been holding up a little longer now than the shortest time to failure for the other method. First milestone passed.
Incidentally, I decided against the glossy look, and used a low gloss satin for the final coats.
I did not use a stain. Even though I thought I'd sanded far beyond the existing coats, when I finished the wood, it didn't all come out the same color. I find the result pleasing in its own way - there's an honest indication of the age and history of the material.
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I'm worried that I don't understand the reason for some of the difference in shading (not the darker spots as shown in the image, but some ligther areas on the inside). The sanded wood looked rather uniform, even when I wet it down with alcohol. If the lighter color it's due to different rates of absorption for the initial epoxy coat, then you could have the same problem applying a stain. At any rate, I decided I liked the color I got - the thick coating makes it look lustrous anyway.