If I'm going to stain the arrows, I do that first.....usually with Minwax stains. Then a dipped coat of Minwax Water-based Poly, sand the raised grain, then dip #2. Spray caps with Rustoleum, crest with Testors enamels then a top coat of Minwax Poly. I shoot mostly bag targets too, so not concerned about burning. The solvent based Minwax Poly is a little tougher if you are OK working with the solvents. I work with kids a good bit and build a fair amount of kids arrows, so I stay with the water based......not as tough as ProFin, but a good finish. The gloss is harder than the satin finishes. No compatibility issues with this combo either.