At work, we have used motor oil for general machine lube. On these machines there are a lot of bronze bushings, cast iron bores that have slow rotating hard shafts and slides in dovetails and the like. Often an oil cup or button get overlooked and if overlooked often enough, there is a failure. One-shot systems aren't feasible.and, no doubt, PM needs improvement. There are more than 50 oil points and as many Zerks for grease. I use "Slick 50" grease and it works very well.
So, the best lube is the most forgiving. At home I started using STP as a general lubricant, it's recommended by the manufacturer of my newest reloading press and I like it's properties so far. Can I see any advantages to using it on my machines? Is there a bad side to it? It's very thick and I wonder if it will flow into where it's needed. Does it bring any thing to the party other than viscosity?