meguiar's is pretty thick and have noticed if you apply too much it fills the holes up.....annoying. I have adjusted my use of the product by lightly applying it from my detailing rag, then working it in to form an even coat. I think it does a fine job!
I have used Coach leather cleaner and conditioner in the past...and it worked like a CHAMP..lightweight, easy to apply, very concentrated, and lasts (pleasant smell too). However, for a 4oz bottle @ $7.00 . .it may be worth it for some, but not for all.
I am anxiously waiting for my Zaino group buy purchase of Z-9 and Z-10.. . . . .can't wait to compare the results . . .