Yes teak oil is just a marketing term, just a blend of oils a bit of resin and a lot of thinner, tung oil was mentioned in conjunction with teak oil, one could mix pure tung oil into a teak oil and depending on what blend of oils are already being used the pure tung oil will add a little resistance to water when compared to boiled linseed oil (which is what you normally will find as the oil component in a cheaper oil blend) a spar varnish is still a tougher finish than teak oil though, both are blends but the varnish will have more resin that forms a film and protects the surface and the teak oil has more oil making it easier to reapply but not as durable, anytime you are talking about wood finishes it’s best to be as clear as possible when talking about ingredients. If I told the average person to walk into a store and pick up a bottle of tung oil there is a 90% chance that I will not get tung oil. Finishing companies use terms like tung oil to label finishes that while it may have a bit of tung oil in it, it is not tung oil most of the time its a varnish labeled as tung oil finish, but that’s a bit off topic, if you find a teak oil that you want to try out if you can find out what oils they used then you could add ingredients to make a better finish, pure tung oil will give you more resistance to water and will also give you more time to work with the oil to wipe everything down, if you want to toughen it up add a bit of spar varnish to it, and if you want it to dry quicker add more thinners, most likely your average teak oil is going to be a mix of blo, mineral spirits and alkyd resin. Then they will add uv protection into that mix as well as probably a few other thinners in small amounts and maybe some more oils in small amounts. If you want to mix your own finish starting with a teak oil base as long as you match up thinner and resin components you will be fine, and you can add any oil that you want.