Here is the product description of Master's Blend, which I have years of first hand experience with:
I have used it on boat rails and furniture that lived outdoors. The only time I have regretted using it was on treenware, because it does add some unwanted taste to food when it isn't well cured. There are some inferior products out there that claim to be tung oil; I can only assume that some opinions are based on that. I base mine on first hand experiences.
I agree completely with Howard -- I've used pure tung oil as well as custom mixes of tung oil and polyurethane for the past six years. While I've found the finish (with 6 - 7 coats) to be strong and "hard", the application is for carvings which are looked at rather than furniture which is heavily used (like tables). Be aware that tung oil has one particular nasty trait which is that it may cure and leave a white deposit in cracks and crevices -- not nice to discover weeks or months later.
Andy, the name "Master's Blend" suggests that it is not pure tung oil. While I can't speak for that product, I have used other "tung oil" products in the past -- particularly on my dining room table. All I can say is that I found them difficult to use and will never try one of these again. In particular, the last one I used a number of years ago was not only difficult, but in no way lived up to the claims of "hard", "heat proof" and "waterproof". My wife rather foolishly left a pot that she assumed to be "leak proof" sitting on then recently refinished table. The resulting water seep caused a 4 inch black ring to develop in the oak under the finish. After some testing with my own custom oil/poly mix, I'm currently in the process of a MUCH REQUESTED refinishing of the table. (A black ring is almost impossible to remove as it is actually IN the wood. I found that a paste of Barkeeper's Freind" -- primary ingredient, oxalic acid -- transformed the ring into a perfect match for the dark tones of the oak while not changing the basic oak coloring at all. The ring is still there, it's just a lot more pleasing. :icon_cheers )
Notice I referred to "testing". If you plan to do a lot of finishing and want to know about different finishes, I would encourage you to make a sample strip of different kinds of wood (I used black walnut, maple, red oak, and cherry) with different sections of the strip finished using similar techniques, but different finishes or combinations of finishes. That way you can compare the results and have a long term record (write everything down -- you won't remember in a few years). My strips were done 4 or 5 years ago and are now hanging on the wall of my finish room. I last refered to them two weeks ago before starting the table refinish. I also have a small piece of red oak that I finished in the way I planned to do the table. For the past year, my wife and I have used it as a spoon rest while cooking. So far nothing has affected it in any way.
If you are interested or have a need to refinish (whether antiques or just prized furniture), I heartily recommend an old book (1989) by Bruce Johnson, "The Weekend Refinisher" (it's possible it may be availalbe in a newer edition). I like the older book because it assumes practical materials rather than the "latest" invention on Lowe's shelves.
Edit: I should also have said that while tung oil is one of my finishes, I more commonly use linseed oil and also combinations of shellac, oils and polyurethane depending on the need.
Rich