Absolutely, after using lots of Tru-Oil for lots of years cannot agree... Sanding atop very thin coats is not as good as sanding after a whole series of coats. To start, it takes a lot less sanding and fills faster.
You are talking about 20+ coats and sanding between them... Oil should be laid in extremely thin layers.
I guess YMMV, but frankly I have used too much of the stuff to see your angle.
art