Hey Jinks, nice to see you on here again.
Yes, you can put too much conditioner on the Brooks B-17. The leather is meant to be hard and stiff, to help retain it's size and shape. Too much conditioner can let it stretch too much, and ultimately run out of adjustment, while getting too saggy. There are lots of stories of ruined Brooks saddles because of over softening. It just isn't worth the time looking them up again. Take my word for it.
I have a B-17 that is probably about 7-8 years old, and it gets a coat of Proofhide about every 6 months, which equates to the beginning and end of bicycle season around here, and a coat on the underside about every other year.
Mine is quite comfortable (after over 1000 miles of breakin) and a keeper. I have mine on my Crosstrail, and it is a great saddle for that bike.
I also have a Selle AnAtomica NSX on my Sirrus, (about 3-4 years old) and it was comfortable right out of the box, and stayed that way. It's also a keeper.... I love the brooks, but I think I prefer the Selle. I also use Proofhide on the Selle, sparingly.
You wouldn't be unhappy with either one.
I hope you are getting more quality saddle time, than you could in the past.
Phil