I have just placed my third coat of interlux schooner varnish on my Coho. I thinned the first coat by 10%, and have brushed on the second and third coats full strength. The varnish dries well ( dry to touch in about 3 hours @ 65 degrees F) and has a 'wet' look even when dry. Looks great. I am trying to discipline myself to build up another 3 - 4 coats before splashing the boat.