Practical Sailor is a great little publication.
The wood on a DS1 is accessible on all 6 sides of each piece (true for the floorboards as well, if you take them apart).
With that, it's feasible to epoxy-coat them before applying varnish. Once you use epoxy, you essentially seal in/seal out any moisture, so you don't ever want an open side where moisture can get in.
By eliminating moisture movement, you'll make life easier for the varnish that you still need (to protect the epoxy from UV). The lack of expansion means no more cracks and the varnish will stay in better condition.
I've done my thwarts and coamings that way (on a boat that's tarp-covered 11 months of the year - essentially only uncovered when used). Before, I would have to redo the varnish every year - it would flake off. Now I've finished two seasons of heavier than average use, and the varnish still looks pristine. (I used waterreducible Linear PU from SystemThree for the final coats).
If the epoxy were to ever get UV damaged (because of insufficient coating with varnish) I suspect the work required to restore it would not be insignificant. However, I think given the relatively small number of pieces, that's a tradeoff I'm willing to make.
On the other end are people who rather like to do constant small touchups. For those, one or the other of the oils or oil like materials, like Cetol, would probably be best. They don't fail dramatically, and you don't need a lot of prep to touch up. But you have to do it frequently.
The middle ground between these extremes is to use varnish. I've had bad experiences with using PU based varnishes directly on wood (or over a wood conditioner). They would look fine for a season. Sometimes more, sometimes less, but then flake. Getting back to bare wood was a hassle, but didn't improve longevity. Perhaps a different varnish might have had a slightly better lifetime, can't tell.
Read the review and pick your poison.
