well, I ended up using some sort of oil sealant for decks that I had left over -forgot which- and it seemed OK, looked much better, and filled the cracks some but not sure if it did increase strength, probably not, but at least the wood got oiled.
However, while searching for this again as I would like to refinish a wooden sides trailer, again with cracked planks, I came across some products called "wood hardener" that seem to be just what I need. Seems like they do fill smaller cracks and harden the wood considerably. One highly rated is by PC products. About $60 a gallon at Home Depot. They also have another product that seems even stronger ("wood consolidator" or something like that) that looks epoxy based but that one is $200 a gallon. I really want something I can brush on for large surfaces, not have to apply with a putty knife and the first one at least, maybe both seem good for that. HTH.
added: well, I got some (Minwax) wood hardener to try out the concept. Basically, seems like this is urethane in some solvent that really penetrates the (dry) wood very well and then hardens. That it seems to do well, but it doesn't seem to fill the cracks much at all, well, at least when I tried without the wood being completely saturated. But maybe it penetrates the bottom of the crack and then prevents it from expanding. Just guessing, though. Plus come to think of it, one probably wants some flexibility in wooden tool handles anyway. So probably not the miracle product for handles either. (But may be great for a trailer floor where some hardness is not bad.) Back to the drawing board.
Not surprisingly, the better thing to do is keep oiling the things regularly and hope for no crack at all, but then of course I'd have to be organized and all that...
