Are you talking Eco-Flo dye or antique? If your dealing with a dye you will want to buff it (a lot) to remove the leftover surface pigments before you seal it. With the antique you are kind of buffing it when you rub off the excess to get the highlighting, and obviously you don't want to remove all of it. I've used the Atom wax with the antique, and I didn't have problems with that piece streaking or removing the antique, and I've never had rub off problems after I put it on. However, I don't have much experience with Atom wax as a finish and the project (my checkbook) I used it on does have a pretty good shine to it. However, it is holding up very well.
I still use Eco-Flo antiques a lot but these days I finish everything with a spray on acrylic. I have some resolene and want to try it over the antique (maybe this weekend!) just to see how it looks. I have Wyosheen and I like what it does to the leather (thin coats don't come out glossy) but to put it over the antique I would want to spray it on and I don't have an airbrush. I think brushing or rubbing it on would smear the Eco-flo products, but I don't know that for sure.
Bob