I think it IS more forgiving, Alan. It does not seem to result in streaks and wipe marks as easily as Waterlox does when worked more than once. I think you are right on about 'going over areas too late'. You have to lay it on quick, then spread it out immediately. On large surfaces, you can use a bigger swatch of blue towel to get it on fast. I just re-did my neighbor's kitchen table (108" x 40") and I used a full towel. The first part of the application is just laying it down, aiming for about 95% coverage. You want to err on the side of speed rather than complete coverage. Then immediately, you come back with the opened towel (it should be still adequately wet from the lay-down, but not reloaded with more varnish) and wipe in large circles to spread and hit all the miss spots. It's very easy to miss the corners on the first pass.
Swift and thin.