When grafting (e.g. whip-and-tongue or budding, on apple or rose)...
I repeat, when grafting, not just treating a wound...
... should we apply rosin+wax+oil to the cut surfaces, or instead avoid getting the mix close to the join?
I know we should keep the air out, and the mix does that well, but, on the other hand, as a water repellent, it may serve as a barrier between the stock and scion's cambium.
Product usage instructions I've seen (e.g. here) say "paint over the wound and leave to dry" - obvious for protecting a branch stump, but not clear if that also applies to grafts. Its role is that of a sealant, but tutorials I watched did not show significant care to keep it from the the space between. I understand that in case of fast-solidifying wax, which CAN'T get between, but this is soft like vaseline.
So: Is the mix good for the joining? Bad? Neiter?