I'm guessing you don't intend for direct ground contact right? my read on outside finishes is that no finish is the way to go. most curing finishes will deteriorate within a year or so outside in the elements requiring you to revamp them yearly (or sooner) and possibly strip and re-finish at least every couple of years. That said some of the higher end spar varnishes like epiphanes are reported to last longer, but still may require maintenance and are not cheap (i.e. don't use the stuff from the borg cause it's not worth your time and effort). the folks who build boats are probably the best informed on this type of subject.
FWW has an article called the torture test for outdoor finishes. from their tests, epoxy sealed wood followed by a quality spar varnish is the best, but even that will probably require maintenance every few years. the idea though is that you'll only have to remove the varnish down to the epoxy to refinish. As to no finish, just periodic sanding to remove the fuzzies is enough.
Sam