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Location: Lewiston, NY
Oil based has advantages but also a couple of disadvantages, which may or may not be important. OB won't raise the grain, which is a big plus on open grain woods like oak, but much less on close grained ones on maple. And OB will give you a longer working time which makes it easier to get an even color when wiping it off compared to WB. However, you can overcome the shorter working time of WB stains by adding Extender to it, which I forgot to mention in the post above. My friend had problems getting uniform color until he added about 5 - 6% of Benjamin Moore's Extender; after that, no problem.
The disadvantage with white or any light colored OB stain is that 1) WB topcoats won't adhere to them as easily, although it can still be done if you wait long enough for the stain to dry, and 2) they will yellow over time. I see the later one as a real problem. You put on white and 10 years later it's no longer white, but some yellowed version of what you had. WB stains don't have that problem; they go on white and stay white. Plus, if you use a WB topcoat that has a good UV package in it, everything will stay white for a long, long time.
It all depends upon what you are after and your longer term expectations.
John