I sand to 800 and then buff with wax (no polishing compounds to dirty up the wood).
Personally, I use Briwax...which does add a slight glow to anything amber colored (such as the light coloring in ironwood). I can watch it "pop" as I buff it.
I reeeeeaaaaally don't like using compounds on any wood....stabilized or not. Wax is an easily restored finish, can be grippy, protects the wood, is a more "natural" finish, and so on.
The compound (even white and pink compounds - I've used both) can load up the grain with small bits of yuck that is hard to get out...even worse with burls (w/ voids).
Best of luck!
:thumbup:
Dan
p.s. I will freely admit I never like seeing wood "under glass"...some use a superglue finish (takes care of the voids problem)...but to me, it bumps the knife out of the user category...and yes, I like to put ironwood on users! :thumbup: