I found all of this info on various woodworking sites and some technical sites. As to the accuracy I have to say in my opinion that what was written was the opinion of the woodworker nothing was based on scientific testing. The technical sites were manufacturers and in my pennies worth of opinion were biased.
Lacquer, not as durable as polyurethane but is easier and quicker to use. Produces the best shine in the least amount of time. Easy to apply, can be dipped or sprayed by the home craftsman. Or even brushed on, fast drying and ready for subsequent coats fairly quick.
Varnish, an old tried and true method of wood protection, not that durable and with age has a tendency to yellow and crack or spackle. Brush or spray on is the preferred methods, takes longer to dry than lacquer or poly. Need more time between coats.
Polyurethane, the most durable of the finishes, a little more work to apply. Best method to apply is by using the wipe on poly, easily applied using cloth or even paper towel applicators.. One can apply several coats in a days time, dries pretty quick and is ready to apply another coat in a couple of hours.
Oils, useless in the pure form as they do not provide any protection for the wood and do not stop or slow the absorption of humidity and water, woods worst enemy. The common oils, teak, tung and Danish or not pure oils and contain resins, varnishes or other compounds. These additives are what protect the wood, not the oil. Danish will darken the wood more than teak or tung, teak tends to dry faster than tung. Teak is also less finicky than tung oil.
Wipe on poly can be made with clear gloss polyurethane diluted with mineral spirits. Clear gloss should be used because manufactures use additives to create the semi gloss and they tend to settle in the mixture causing more problems than solutions. Mix ratios were found for poly/thinner of 50/50 to 70/30, as to which ratio is best, that is up to the individual to determine for their own use.
Marvin