Each to their own, but I consider hand hewn beams and posts to be finished. Adding polly or paint may trap moisture. For a really smooth finish sharpen your pane iron razor sharp with a slight crown to the cutting edge and give it a go. Pushing the plane at a 45 deg. angle across the grain will leave a smooth scalloped surface to work with.
The biggest reason I don't like adding finishes is I just don't like doing it.
kfhines