Use sanding sealer to seal the wood. Then use what ever you want, wipe on poly, varnish etc. The acrylic base will dry quick, the oil based will take longer. The main thing to consider of if anything need gluing later - cleats, shroud rigs, decking furnature, leave th area natural otherwise the glue may not adhere properly, This can bea problem with bits & taught rigging.
I tend to leave it all to the last just before rigging the whole ship. It can get tricky with rigged guns etc. but a small childs painting brush gets in most areas.