There are a lot of different finishes you can use. Tru oil, tung oil, shellac, polyurethane, animal fat, paste wax just to name a few. As for your stack thickness, I would make the belly lam thicker to allow yourself room for tillering. 1/8" thick for back and core should work but your belly lam needs to be thicker. When I build trilams I use a powerlam also and let it extend a couple of inches out past where the handle stops. You dont have to use a powerlam but if you dont you will have to make your belly lam even thicker that way you can blend the fades into the limbs to keep your handle from popping off. If it were me I would go with 1/8" back and core, powerlam 1/4" thick in the middle tapered to feathered edges and a 5/16" belly lam.