OK,
I don't remember the exact dilution, BUT, I think it was like this, I bought a 125g bottle of the crystals. With that bottle of crystals, I made two 125g bottles of the solution.
I apply two wet coats of the solution, and let them dry. The wood will be an ugly gray green. Heat it with a heat gun, (moving constantly), it it blushes. I will then usually, kind of knock down the whiskers again, and buff off the surface, and finish with your favorite. (Chamber's oil for me).
I've never neutralized. I think most of the acid is neutralized during the process. I'm sure it would test acidic, but so does an orange. I wouldn't bathe in it, but it doesn't burn your skin if you get a little on you either.
This was a pretty drab piece of Red Maple when I started. Nothing brings out the curl better.