I'd agree with the Bob Flexner article in his explanations of what varnishes, oils, wiping varnishes, ect are.
Yes Formbys is a 'wiping varnish' (thinned varnish) by his definition.
No one said it was a bottle of 100% tung oil. If you thought that, you didn't read the label.
As to why he believes there is no tung oil at all in it,,he doesn't say where he got that info from in that article.
Maybe it's in the book...
It is a varnish,,by his definition which is correct.
,,a blend of an oil (linseed, tung, most any plant based oil) and a resin (alkyd, phenolic, poly) mixed under controlled condition and heat. Sometimes modified further for different conditions and use.
It's already thinned with min spirits to a 'wiping varnish'. That's how the bottle tells the DIY to apply it.
It drys in a few hours, it drys hard, water resistant (unlike anything linseed based I've used).
So if it isn't inexpensive linseed based thinned out varnish,,and it isn't thinned out tung oil based varnish,,what oil base varnish is it Bob.
added..re: Marlin finish...
Marlin went to the poly-based finish because of EPA problems with their previous finish.
The older lacquer based finish didn't go well with the newer rules of air quality coming along at the time.
They were using a positive/neg charge type spray operation from the start at NorthHaven, so overspray was very minimal. But it still didn't satisfy the greenies.
The newer finish was a poly spray on and it dried nearly as fast. They both went through a drying oven of sorts on hangers to cure the finish so production was never slowed down on them.
It was a much tougher finish from to older lacquer based.
Yellowing of a built up layer of polyurethane is just one of the down sides of that finish from that era.
New blends seem to have eliminated that for the most part.