I tried every trick I could find out about--I thinned it, I put poly on under it, I put as many as 10 coats on, I used different stains, etc. Sometimes it lasted for a while, but eventually it flaked. I talked to gobs of folks who had the same problems as I had with it.
I shoot a lot of 3-D, exclusively with wood arrows. The epoxy finish I use now works, but does get some burn on some types of targets. The soap I mentioned earlier takes care of that just fine, plus makes the arrows much easier to pull (regardless of what type arrow is used).
Chad