Hi Greg,
Subject to what DB says as he is an expert. When making the timbermate slurry you can mix the timbermate with the stain coat of KArajini red. Therefore, if you use a darker timbermate such as mahogany, the KArijini red will make it darker.
However,
Each stain coat you apply will always soak into the grain more than the ..."non grainy" bits and therefore will always be darker and somewhat pop the grain.
Zandit75's LP-1S is a perfect example by only using dingotone colourless it still brought out the grain and flame in the spalted cap..here it is when he got it .... http://www.buildyourownguitar.com.au...?t=5745&page=4
and here it is after the colourless Dingotone
http://www.buildyourownguitar.com.au...t=5745&page=14
I guess what i am saying is, you may achieve the results with just the stain and without trying to pop it...