There isn't going to be serious leather damage from renovateur. It's a great conditioner; however, it has been known to strip surface polishing on hand painted surfaces.Thanks!
I'm not too worried about the look of the spot, just the leather damage. Think a conditioning and a wax polish would be ok? I'm really just trying to get them to a place where I won't have to worry about babying them.
But yes cream and wax is fine.
I have found veg tanned leather takes more wax to build up a shine. I do a much more full spit shine than does Munky, so this may be the foundation of our disagreement that veg tanned takes polish well, but needs more of it.
Just from a phenomenological level, veg tanned feels less "finished" than chrome tanned. The dye almost feels like it sits deeper into the skin, which retains more natural skin like Properties. As such, you need more wax to penetrate to get the wax shine, but I have developed such on my veg tanned boots and shoes.