I stained one set with a home made aniline dye the other with some minwax oil stains.
You could get by with 3 coats...4 for certain.
I was trying to do a really nice job though...
I learned to first 0000 steel wool the raw shaft.
Then stain.
then very lightly 0000 wool it.
next I applied 3 coats...The stuff dries enough to wool in about 3 hrs. sometimes less.
After 3 coats the pores were filled flush with the wood.
Then I wooled it heavy to get everything smooooooth.
After that 5 light coats with super light wool between.
Made em extra pretty.
Really though, I'd say if you applied 2 thin coats, then wooled it to take off the feather, the 3 rd coat would get you a decently smooth but good seal.
My shafts were tapered. I noticed a LOT more feather in the tapered section of the shaft. The parallel section got smooth much quicker.
Not the best pic for seeing the finish.
I did it in a room with lots of little bulbs that kinda made the finish look bumpy..but it's smooth.