I've never used the rattle can VHT, so I can't speak to that. I have tried the Crystalac water based poly that's sold by Woodcraft. I got the exterior rated stuff.
As a bow finish, it works. It can be sprayed with a regular automotive type HVLP spray gun. Here in dry Colorado, it sets up almost instantly. Allowing two hours between coats (as per the manufacturer's instructions), you can get 4-5 coats on in a day. Easy soap and water clean up. Allow 7-10 days to fully cure. Very low odor almost no fumes. I haven't noticed any yellowing on maple yet, it's been 4-5 months.
But...
I haven't found it to be as durable as the automotive urethane I normally use. I don't think the water borne technology is quite there yet. I love the stuff for dipping arrows though! Once it's fully cured, very few issues with target burn.