Scraping would be more practical, as sandpaper will clog up with the oil. But scraping is an acquired skill, and you need to purchase a cabinet scraper and learn how to sharpen it.
Casey

I just did mine with a low angle smoothing plane (there's a fair amount of curly maple in mine, and I wanted to avoid tearout). It was fast (took less than 20 min for the whole process on a 42" square top), no dust, and came out great. If you have many cut marks, dings, and such you want to get out a cabinet scraper will take forever and your thumbs will get sore ;-) ). Refinished with a couple coats of 100% tung oil (not a tung oil varnish, or anything they sell at the hardware store as "tung oil" or "tung oil finish") this time, have used walnut oil in the past. You want a polymerizing oil.