How about some kind of oil rub?
That way it'll be protected, won't peel, and is easy to reapply.
There's butcher block grade (food grade) carnuba wax too.
Just a couple ideas. But I'm not an "outdoor wood" woodworker.
Meat eater. Woodworker. PS3 Gamer. Home Theater Guy. Beer Drinker.
WSM 22.5 and random cooking stuff used to help form my shapely manly figure.