Harder and dense timbers respond better than soft woods to an oil finish. The combination of a high melting point and high moisture resistance allows Arborwax to produce a hard, dry, non stick surface which rubs out more easily than other wax products and also has a much higher resistance to such problems as fingerprints. The wax is also fully reversible which allows it to be used in conservation work. For example, if you want to finish an antique, delicate marquetry surface, a de-waxed shellac may be the best option since it must be reversible and have clarity. Personally, I believe a dining table surface benefits from a hard wearing, one, or two pot solvent finish sprayed to give a resilient finish.
Some woodworkers refuse to use solvent based finishes for health or ecological reasons.
If this is the case, a water based finish may be preferred although I don't know of any water based finishes currently available that are as clear and hard wearing as a solvent based finish . In this instance, an oil and wax finish is practical as it will not suffer the same wear and abuse as a table top. For reasons of cost and availability, many woodworkers use local species of pine for their woodworking projects. Surface preparation of soft woods is probably more important than with hardwoods with respect to the penetration of the finish. Some form of sealer coat before the chosen final finish is applied is usually beneficial but make sure they are compatible.