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If you are sanding down to wood, either finish product will work fine. Water based products will open the grain and require more sanding before the 2nd coat.
Are you going to stain? If so, stain first then use your water base.
Don't sand until after the first coat of acrylic or you will rub the stain.
Give multiple coats of water based finish, At least 5. They are fast and easy. Then after that, WAX.
Wax is what is going to protect your finish. Water base poly urethane is not very durable compared to oil.
Keep it waxed, 2 or 3 times a year and your floor will last forever.
I am not talking about crazy waxes that require buffing and all that. Just a simple pour on wax/sealer type of thing.
Remember you are walking on it.
If you were to walk on the hood of your car, you want a lot of wax, right?
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