While I do agree that nothing can compare to a buffing wheel and carnauba wax, this setup can create quite a bit of dust once the wax dries on your buffing wheel. Some folks find that is a problem, unless they have a shop environment to do thier buffing.
Paragon wax which is intended for smooth pipes works great, and it works even better when given several days to dry before buffing off the excess with a dry cloth. To get an optimal shine, just barely buff it enough to get a shine, and leave it alone. Excessive buffing will just take the wax back off, and disappoint you with the end result.
The reason these waxes usually don't maintain a great shine long term, is because they allow your pipe to breathe, which is important to the overall function of the briar. You could easily coat your pipes in polyurethane or shellac to maintain a fantastic long term shine, but these will inhibit the briars ability to breathe. Not only will such a coating slow down the process of the pipe drying after smoking, it will also make the pipe smoke hotter during smoking.
As for the Halcyon II wax, which is intended for rusticated pipes, I have not had as much luck with, simply because it can be difficult to polish the pipe in the crevices of the rustication or sandblast. To get the accumulation out of the crevices, I have used the heat of a flame to melt the wax, but again with minimal results.
For rusticated or sandblasted pipe polishing, I think your best bet is to go back the the tried and true buffing wheel with carnauba wax.