Re: Normally...
Bill Tindall, E.Tn.
Sunlight will even out walnut color. Whether stain will or not must be determined by experimentation. This concern is something I have never worried about.
" your walnut staining process uses raw umber artist's oil paint" no, burnt umber.
"You use the premixed oil paint that comes in a tube on a saturated rubbing pad rather than the dry mineral pigment. Is that correct?".....Artist pigment dispersed in General Finishes stain stuff that doesn't have pigment in it. I have described it all numerous times previously. about 15 -20% pigment, 80% solvent, depending on depth of color desired. Pad on to control depth of color.
Do you find that the raw[burnt] umber satisfactorily evens out the color differences in various boards? I don't know. I'm satisfied with the result.
"I'm using walnut lumber from two different sources. Some of it has lots of reds, blues and purples that you find in air dried lumber." you find these colors in any unsteamed walnut lumber that has not see a bright sunny day. If you are mixing steamed and unsteamed it may take a year in a sunny room to even out color, or never in a dark room.
I am not enthused about adding yellow to walnut. It will head in a yellow direction with light exposure.
I have burnt umber from 3 sources. It ranges from redish brown to yellowish brown. I prefer the redish which with age goes to a yellowish brown on the wood.
Always do chemistry experiments on test pieces.