No, it will not need waterlox. I wonder if it will even take waterlox at all because LV is a self lubricating wood. In fact you could store the wood in water for 200 years give or take. Like the logs [they] had found sunken in one of the great lakes, which can be found for sale on the 'net. Still perfectly good lumber and made all the more beautiful from [the] natural process that results from being in the water for so long. I forget what kind of wood it is.
Umm... by the way, that is a fabulous example and strictly a beautiful piece of work! Thank you for posting the picture, I saved it. I picked up a piece today just to feel the weight again, awesome. Can't afford it though, at $10 a pound.
Alex