Linseed oil is not a true retarder. What it is, is a drying oil. It, or a similar oil, is the binder/carrier in artists oil paints. What it does when added to an enamel is not so much delay the cure of the binder, but cure very slowly itself, and slow solvent loss.
Nevertheless, if you really want to extend cure time, this is a simple way to go, but heed the caution to use small amounts!
If you decide to make your own, be sure to use "boiled linseed oil" rather than "raw linseed oil." Raw linseed oil hardens very slowly, whereas the boiled (and catalyzed) version will generally harden overnight.
Also, do not use a different drying oil, such as tung oil. Some drying oils (tung in particular) shrink enormously when they harden. The "crinkle" or "crackle" finish you see on some instrument panels at full scale is due to the addition of tung oil to the paint.