Said it before, and will say it again. If this "HOT SAUCE" is so good, why doesen't the mfg use it? The same with Penn and the rest. If a mfg makes a product and doesen't use it, it can't be that good.
Penn old Blue Grease was ROTANIUM available from Daiwa for about 10.00 a pound which is a lifetime supply for most individuals. After all, a fishing reel uses about a teaspoon or less grease per cleaning.
I use and have used for years a grease from Shimano. The same grease they use in there reels, and they sell it. Its a creamy white man made grease, stable from extreme heat to extreme cold. It is a lubricant, Vasaline is not a lubricant.
Its consisity does not hinder the movement of reels or bearings if properly applied. It is a bit pricey. About 40.00 for 18 ounces, but is available in smaller sizes.
For an oil, I mix my own using a quality 5 or 10 weight machine oil and Marvel mystery oil. Mixed about 60/40 oil to marvel. If you dont like marvel use a transmission oil. Remember, when you oil a reel, one drop is all you need once a year or cleaning. I hate seeing reels come into my shop, when I have to "drain the crank case" to begin and all the grease has been removed from the oils desolving it.
Actually to much grease will hinder a reels action. To little will only make parts wear a bit faster.
My business is reel repair, so I have had a lot of experience.