On our 1984E30+ I tried gloss on the moulding and semi-gloss on the main teak panels, thinking that the mouldings would add an accent, but it didn't look good. I then tried semi-gloss and satin varnish, and have ended up with satin in all the panelling/moulding, etc., but semi-gloss on the salon table and the companionway stairs. Everything else is satin and it looks very soft and warm, especially by candle light.
I used gloss around the main hatch due it's better UV handling properties. Satin on everything else down below. Like Loren I'm slowly working my way thru it. Cleaning and sanding it all is a pain. Wonder what would happen if I just varnished over the oiled teak?