Tru-Oil is both under and over estimated, or appreciated. It is capable of the finest high gloss after it gets good and hard. Its also pretty good for anyone who just wants to wipe on/wipe off a coat or two and call it quits. However, Min-wax satin wipe-on poly is a better quick finish with open pores, and works well if the first coat or two is sanded in with 320 grit. Professional stuff? No. Presentable? Yes. Its seldom mentioned that Tru-Oil sprays like a dream but takes a knack, since you only get one pass without forming runs and curtains. There are better products to spray, but many gunsmiths are fixated on Tru-Oil.
It took me years to realize that the finish type doesn't matter much, its a matter of putting enough on to wet sand it to a fine surface and still have enough left on there to buff. Tru-Oil is great 'cause you can do it in the living room if its clean enough (don't flop down on the couch while the oil is still wet!), and in the l-o-n-g run can look professional. If you have no professional aspirations don't go for the gloss. A shiny surface full of open pores, dust mote bumps, and hair isn't going to impress anyone.
Twenty years ago Birchwood-Casey (the Tru-Oil guys) changed their wonderful Stock Sheen from a great polish to an abrasive because shiny guns went out of style. I haven't used it since, but if you want to cut the gloss it works better than 0000 steel wool.