Yes, the final coat determines the sheen. Sand the penultimate coat with p400 and/or Scotch-Brite pads (maroon or light gray). This will remove any dust nibs and make a mechanical bond with the next coat.
I normally do full sheen up to the last coat. This is common, but the main reason I do it is that I custom blend sheens by mixing 5 sheen (dead flat) with 85 sheen (gloss) in measured proportions and I don't want to have to mix up all the intermediate coats.
Most finishes have a "critical temperature" below which they won't properly cure. For acrylics this is about 65 degrees.
Also most finishes take 2-3 weeks to fully cure. Proper temperature and lots of air movement (especially for oil-based varnishes that cure by bonding with oxygen) is important during the curing process.
RE: spar varnish. Spar varnish is a "long-oil" varnish, meaning it has a higher proportion of oil to resin in its formulation. This results in a flexible finish to enable it to accommodate movement expected in spars. It is a softer finish and less moisture excluding due to its higher oil content.
Polyurethane's main attribute (other than being cheap and easily found) is abrasion resistance. Disadvantages include long dry time (allowing it to pick up dust), significant ambering, less adhesion, little UV resistance, and almost impossible to repair.
BlackCatRacing wrote:Thanks Thawley, I do a lot of constrution and installed carsiding pine on the interior of a enclosed porch last year. I pre sealed all the boards and thought I had used spar varnish. I must of used polyurathane because that is what I had left over. Well I was really excited and got straight to work today covering all my interior sheets of birch. They looked great!! but as they dried they got less shiny. I looked on the can and it was semi gloss. Not what I wanted. If I lightly sand this and put gloss over it will it bring back the clarity??