so far I've only used pure tung on my axe handles - so I can't compare to BLO. However, I can for sure say that pure Tung is not as thick as honey - not even close. its thicker than water though - maybe about like milk?
pure tung is an amber colored liquid. I have two different mixes that I use.
First is 1/2 pure tung, 1/2 citrus solvent.
second is 1/3 pure tung, 1/3 citrus solvent, 1/3 pine tar. The pine tar is about as thick as honey - at least the kind I got from tractor supply. but when added to the mix, thins right up
There may be some added benefit of adding the pine tar to the mix. I primarily do it to add color.
I used to apply multiple thin coats, but I've abandoned that method. What I do now which I really like is I rub/sponge as much oil on/into the handle as it will take in one big application, then I let it dry/cure and I'm done. I think this is better in every way - probably gets more oil into the handle and it also seems to cure faster. The last few I did, I didn't even use a cloth - as i was feeling like I was wasting the amount of oil that the cloth absorbed. What I do now is just put on rubber gloves and rub the oil into the wood with my hands. This seems to work pretty good.
It is probably possible if you do multiple thin coats and let it cure completely between coats, you may eventually be able to get tung to built up and make a hard/slick finish - but I can say for sure that none of my axes handles have this.
tung can take a while to cure. You know its cured when it stops smelling like tung oil. it can take weeks - depending on temperature, etc. with my pine tar mixture, the pine tar overpowers the tung smell initially - but that smell goes away in about a week, and then you just smell the tung - but then that will go away in a couple/few more weeks, and then you are all set. with my tung/citrus solvent mixture, the citrus smell overpowers initially, but that smell goes away pretty quickly.