The problem with raw looking is the finish would be thin. Even if the finishing product is waterproof using it thin you won't get the benefit. While it might hold up to daily use you would have to be careful to keep wet objects off the furniture.
It's mainly an oil based varnish you have to worry about yellowing. While the nitrocellulose lacquer will yellow over time the cab-acrylic lacquer is made from plastic resins which would remain clear and not yellow. Still the water based floor finish would be a harder more durable finish than the cab-acrylic lacquer. The cab-acrylic lacquer would just be a lot less work. The water in a waterborne finish raises the grain causing a lot more coats and extra sanding between coats. I'm not sure you could get the raw look with that finish and have it smooth too.