I'm with you linseed paint is mostly hokum smoke and mirrors. But it must have something to recommend it.
Basically it sticks like **** to a blanket - on bare wood, old paint, metal, glass, etc etc. It never flakes or peels. Instead it very slowly wears off from the surface and goes chalky. Can be revived very easily with oil alone, or just repainted. Never needs burning off or removing before repainting, just a wash down.
Also very easy to apply, as long as you brush it out thin and don't try to lay it on like modern paints.
Good coverage and dense pigments makes it much cheaper than it seems (pricy by the tin) and has very long shelf life.
Needs no primer or thinners other than linseed oil, but knotting in glazing rebates (and knots of course) is a very good idea.
I've been using it for about 12 years on a lot of projects and wouldn't use anything else on external joinery
..... How linseed ever got any traction is hard to say.
Gained traction through hundreds of years of successful usage. No prob once you get into it - you'll never use anything else!
....Zinc oxide stops mould growth they say.
It does. But an occasional wash down will remove it. Seems to a slight prob sometimes on shaded joinery - north or east facing doors. Not a prob with windows if they are cleaned in the normal way.
.... I swear 120 year old paint is almost unaffected by stripper
and is invariably linseed oil paint - can have a very long life if routinely maintained i.e. a bit of attention at say 5 to 10 year intervals
but will burn off. Of course caustic can have its own issues as well.
Burning off and dipping are kiss of death to joinery - probably the single biggest reason for the switch to plastic. Mainly because new paint won't stick for long. I found this out the hard way, several times! Odd how modern paints can peel off with the flakes still in good condition but the wood behind it getting water logged.
But linseed paint colours are all on the dull side compared to modern stuff and not so shiny.
PS forgot to say - linseed paints have near zero VOC and the oil itself non toxic, though probably not the pigments. Also very environment friendly - organic material with very low carbon footprint - and prolongs the life of wooden joinery.