Having reconditioned old tack before, I can tell you that oil is no longer necessarily the end-all-be-all of tack conditioning - in fact with incorrect use one can end up damaging the leather by getting the inside part of it completely saturated with oil - leading to quicker breakdown of equipment.
While poorer quality leather will almost require occasional oiling to keep from cracking - if it is cared for properly from day one it really should only need to be conditioned.
I swear by leather CPR for reconditioning leather - your saddle will honestly look like new after a coat or two of this stuff - and it does not darken the leather like oil does.
As far as for the new tack - before the first use I would clean it with Fiebings saddle soap to get the factory stuff off of it and then after every use I would use Horseman's one step - on the really dirty parts use the saddle soap again.
Good luck! And remember that even just wiping the sweat off of your tack after every use will substantially prolong the life of it.