For new wood, if not factory coated with a first coat, we used to use the BM 094/366 deep base primer tinted to match and one coat of Cabot's solid acrylic over top.
There is an exterior we have done twice as a repaint. It was a dark gray/brown color and always had been done with solid oil stain. It had a lot of tannin bleed the first time we did it so we stuck with solid oil except on one section we put solid acrylic Moorwood as a test. The last time (after 5 years) we did it, the acrylic section showed much less tannin bleed and much less fading, less cracking on e surface film, etc. so, that time we did ArborCoat on everything.
I still tend to like oil for first coat to get the penetration, but not after that. Last time I read up on it, T1-11 siding called for two coats of acrylic stain and not oil.