Deft lacquer is easy to apply, and looks nice, but provides essentially zero moisture protection ... ask how I know.
My current go to finish is Helmsman Spar Urethane in a spray can. Durable, water resistant, easy to apply ... not as idiot proff as lacquer but close. I've also used alot of wipe on poly with good success, it just seems to take a bit longer ... but also seems to cost less per bow than the spray can.