How does Waterlox rank in terms of this?

Very well. I have done 5 livingroom tables with waterlox over cherry (three
are mine, two for my dad) they have been in service for almost a year. There
are a couple if scrapes, but they appear to be the result of the wood being
compressed not the finish failing. water resistance has been good. I appears
as though it would hold up to the occasional standing water, although I try
not to let that happen. I routinely clean those tables with a damp sponge
with no ill effects.

-Steve