Howdy
Locust is one of those hardwoods that has its own oily preservative grown into it. The pieces I have worked with in carving didn't need any oil to shine them up, you just keep rubbing it. I would love to have a floor made of locust.
Locust has been used for in ground posts for centuries, by different cultures. Never will understand why people want to use toxic treated
wood products. When I am "planting" wood post, I like to remove bark and sapwood for anything that will be below ground. I see so little on the poles you have peeled, you would probably not have a problem with rotting. Some posts will outlive us. Because of the natural oils in locust, I wouldn't burn them. You could always experiment, and burn a few, etc... to see if there is any difference.
Like Greg said,
"i have locust fence posts that are smaller than that and weren’t even debarked that have been in the ground for at least 12 years, probably longer."