jackthehack said:
1.) The thicker the finish (of any type), the more "deadening" effect that it may have on the resonant qualities of the wood.
2.) The relative elasticity of the dried finish may have a corollary effect, e.g., the less "brittle" the finish the "brighter" the sound, or less "deadened".
For the sake of some insight..... I humbly reserve the right to disagree with the above - as the occasion fits.
There are several sciences at play in cases such as this, regarding the finish altering the tone of the guitar.
It has been observed that the neck wood is the most important tone shaper, disregarding the pickups themselves. So pickups being equal, the neck is the make/break of tone, followed next ( but a good ways behind) by the body.
In some cases, a laminate (the finish) applied to a substrate (the wood) can actually make it less able to vibrate. Wood that is less able to vibrate will not accept - and therefore attenuate - the vibration energy from the strings. Such is the case with some Eastern made Fender guitars that used a very soft inner wood, and a thick polyester finish. The finish itself was a structural member of the guitar.
However, any laminate is going to stiffen the substrate. Thats what laminates do, its their nature. Unfinished wood will be more resonant than any finished wood. Will it matter much? Well yes, on a violin, on an acoustic guitar.... On a solid body? Not a hill of beans worth anything, in my experience.
There is some hype: light bodies=better sounding. Not true to the point of being Gospel. Older guitars, which were made from lighter woods (as Greg pointed out, they dont continue to "dry" and lighten with age) are guitars that we think of as better sounding, but was it the wood? Was it simply aging? The finish? The construction technique? The pickups? A little bit of all of them? Some brain magic too? That is, would they survive a double blind test? Many simply would not. I think a big part of "old=better" is that things were just made better than the cookie cutter garbage you get handed to you from assembly line-to-big box store of today.
There is some hype that "thin finish" = better sounding. Not true to the point of being Gospel either. Since old finishes were lacquer, and lacquer continues to shrink with age.... and get thinner... were these finishes the same or nearly the same thickness as todays applied lacquers? Very well could have been thicker..... Thick poly finish bad? Maybe not, as the sciences of vibrating bodies covered in laminates points out to us.
Think of this - styrofoam, plain old styrofoam, has been laminated and made into aircraft, without the addition of reinforcing glass fibre (or carbon fibre) layers. Based on a central beam, some little bit of strutting... wings have been fashioned out of simply foam and epoxy. The epoxy laminate (granted some "special" epoxy) is stiff, and acts in conjunction with the substrate (the foam) and makes one heck of a good wing for strength and weight and vibration resistance etc etc....
Don't get caught up in the hype. Trust your ears. Go with "the wood" to give you some good tones, especially that all important neck wood. I've been there, I've played with it over and over again, and have been able to come to no other conclusion than - neck controls bright or dark, pickups being equal. The body... yes too, especilly thinline vs solid. But on solid vs solid, the neck is king in tone shaping.