‘Exterior grade’ can mean what the manufacturer wants it to mean, but generally it should indicate that it’s UV-stable and water-resistant. It may or may not be particularly knock-resistant. I’d be looking at a yacht varnish for that, which used to mean oil-based polyurethane varnish with high VOC solvents. I don’t know if more eco-friendly alternatives are now available.
Yes, I know there are a lot a choices, but very happy with the Micador satin clear. Ive sanded the black test piece using 1200 grit then a further 2 coats of the Micador, smooth as a babies bum and retains the grain texture, looks a little uncertain when first sprayed on there but after it dries, looks great. Pictures certainly aren't doing it any justice, its like silk.