I don't see a need for much lubrication inside my guns, so for that, I'm with the "oil is oil" crowd. The only place I've seen any metal moved is bolting surfaces, so I clean and grease my pins/hooks frequently. I'm much more interested in rust prevention on the internals. Any gun that gets wet enough on the outside to be toweled off gets the stock removed and the innards oiled.

When I varmint hunted with rifles I found the extreme heat of multiple shots, coupled with shooting in hot humid conditions would lead to a rust bloom on blued bolts and barrels within hours. At the time, I read an article wherein the author tested a number of readily available "gun" oils for their rust prevention. His recommendation and my own subsequent tests satisfied me that nothing was superior to Shooter's Choice Rust Prevent. It has been my go-to for general gun oiling for a couple of decades.