Mark,
I just re-did a couple of areas of the satin varnish on the interior of our E30+, and would certainly recommend that over a teak oil of any kind (having also used teak oil on a previous boat). Yes, the teak oil is easy to apply, but it does need it a couple of times per year, it does turn dark, is more prone to mildew and doesn't look as nice as varnish.
I don't add any stain, just the satin varnish and it comes out looking good.
Frank