I've used lots of BLOicon and a little RLO. I love the smell of BLOicon, but raw linseed has a somewhat nauseating smell for the first couple of days, and as it dries a bit, it smells just like BLO. For the first couple of coats of BLO on bare wood, I cut it with low oder mineral spirits/paint thinner, to get it to really soak into the wood. You can lay it on reall heavy, and keep it wet, and later in the day, wipe off the excess. Too much linseed will build up a thick, gummy finish, and you don't want that.

With the longer drying time of the raw linseed vs. the boiled, and the smell of the raw, I don't really use it much anymore. But the end results between the two are about the same.

I've read some guys say the linseed is not a good moisture barrier. And I've had M1icon rifles from my American Legion post that got rained on during a parade, and the stock had to dry for 3 days before I could get some of the actions out of the stock. Well, the area that swelled up on these stocks is the inside of the stock. So on the inside, inletted areas of my wood stocks, I use a more waterproof type finish, like marine type polyurethane or Tru-oil, etc.
I never would use any kind of a wax on my military gun stocks.