I don't ever use a Buffing system on bare wood,
Over here in the UK buffing with Tripoli/White diamond polishing on wood items is considered by most users as a Polishing system for surface coatings on a parallel with any other surface coating such as used on cars etc.
(I use the Chestnuts system and have 200/150/100/75mm diameter versions and a selection of Domed ones for internal bowl and pot use.)
I always polish on a sealed wood, that way you are just removing sealant runs or blemishes with very limited risk of carrier wax being trapped in wood grain, although there is a risk to be taken into account with open grained woods such as oak.
Sanding sealers and lacquer coatings are left to cure to hard skin, with acrylics and melamine enhanced this can be several days, if not there is a risk of breaking through any surface skin.
Polymerising Oils are left until fully polymerised so that there is a hardened surface to blend and polish, once again this can be days.
This is my basic method in PDF form (formatted for double sided printing, sorry if not convenient just need to read the pages as numbered.)
This is another leaflet on finishing a lacquered or polymerised oil finish by another UK turner
This is the sort of finish you can get with a fully polymerised oil, in this instance a Hard Wax Oil.