G'day Rod,
The marine epoxy is definitely the best, but there is a product called 'Wipe-on Poly', available at Bunnings and other hardware shops, that is applied as the name suggests. I do a fair bit of woodwork and have used it many times, and it has produced very good results for me. Oil based does give better results.
It will be easy to apply to the inside as well.
The general rule when coating timber is whatever you do to one side, do to the other. This ensures you won't get uneven expansion of the timber.
Once the timber is sealed you can blacken the inside with flat black or flocking.
Your tube looks great
Kev