Thanks for the education, Neal. At our old house, I had built a rough paint booth by suspending rolls of plastic sheeting from the ceiling. All I needed to do when I wanted to spray was to loosen the straps holding the four rolls (rolled around a wooden dowel) and down they would come to the floor, creating a small room. I might do something similar in my new shop if/when I learn enough and get the right equipment for spraying my finishes.
With woodworking, it depends SO much on what species of wood on which you're applying the finish. On some woods (e.g., oak, for example), the finishes go on so evenly that it almost doesn't matter how you apply it and it will come out looking good (assuming you don't apply it too thick, etc). But with other species (almost all soft woods, and some porous hard woods like maple) a spray finish is nearly imperative in order to get a professional appearance. That's why I like a hand-rubbed oil finish whenever feasible. Nothing (IMO) seems to bring out a wood's beauty more than a hand-rubbed oil finish, but in some cases I like to have something with the durability of a polyurethane finish. And that's best done by spraying.