Hi Derek
I'm not an expert, I've only been turning a short time, but I have spoken to a few master turners about this and have turned about 10 items myself. I have had conflicting views so I have turned a few items to around 30mm and the others to around 6 - 8mm some have been oiled some have been left and a couple have been covered in a watered down pva, I have not waxed anything yet has I have no wax.
All have been left in a draft free space in the workshop and I weigh them weekly, none of them have cracked as yet, and all are drying weighing less each week.
Mark Sanger book Hollow forms advocates different types of methods such as wrapping in bust bin liners and checking every 2 or 3 days turning the bag inside out on each check, or wrapping in news paper for rough turned forms. When dealing with finished thickness forms he recommends to use finishing oils or lemon oil but making sure that you remove any excess so the light oil is just soaked in to the fibers and then place in an opened bin liner so I'm trying this as well.
What I can make of all the advice I have been given form some very experienced turners is that the wall thickness must be even if either rough turned or turned to finish, and they must be kept out of the wind and and heat. One guy I know who has been turning for 60 years rough turns, takes the item in doors and put it behind the settee away from any rad and just leaves it there for up to three weeks, then takes its and finishes turning it.
I guess that different woods will have different reactions but I've got work in monkey puzzle, tree of haven and Birch (rough turned) because these seemed very wet when turning, horse chestnut burrs and walnut turned to near finish all sitting around the workshop out of any drafts. I'll let you know if anything splits.
Ed