As far as burnishing goes, I do it primarily after staining and sealing. I do apply the ferric nitrate (aqua fortis) with a scothchbrite pad and scrup pretty hard, however. This most certainly burnishises to some degree, but when burnishing with something hard, such as an antler, it's after sealing. You can really be prett agressive with the process, going right over carving, edge, corners etc. In fact it gives a neat look to work corners and edges fairly heavy. The results in some ways are subtle, but when compared to a stock that was only sanded, there is a defference.
As far as darkening and aging of the stock, I'll say that there is some done exceptionally well that has a great deal of appeal or has the look or an original, and there is a LOT that's not done well. It really does require a lot of work and time not only to accomplish the task, but also in the learning process.